RES-8078 Approving Transfer of Controlling Interests to Times Mirror Cable Television of Orange County, Inc.RESOLUTION NO. 8078
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE APPROVING A TRANSFER OF
CONTROLLING INTERESTS IN COMMUNITY
CABLEVISION COMPANY TO TIMES MIRROR
CABLt TELEVISION OF ORANGE COUNTY, INC.,
PURSUANT TO THE CITY'S CABLE TELEVISION
FRANCHISE.
WHEREAS, Community Cablevision Company (the
Franchisee") is the holder of a cable television franchise
for the City of Orange, California; and
WHEREAS, the Franchisee is a subsidiary or division of
The Irvine Company ("TIC"); and
WHEREAS, Times Mirror Cable Television of Orange
County, Inc. ("TMCT") is a majority owned subsidiary of The
Times Mirror Company, a widely held New York Stock Exchange
Company, which has undertaken to acquire a majority
ownership interest including operating and management
control of Franchisee; and
WHEREAS, Resolution No. 7084, the agreement between the
City of orange and Franchisee, ,requires the prior approval
of the City Council of the City of Orange for transfer of
ownership and control from Franchisee to TMCT and City has
determined that Franchisee is in compliance with the
agreement as more specifically set forth in the Exhibit "A"
attachment to this Resolution; and
WHEREAS, Franchisee will continue to exist as an
operating division of TMCT with the existing management
structure remaining at both the local and corporate levels
and no change is anticipated in the manner in which the
business and operations of the Franchisee are conducted; and
WHEREAS, the Franchisee will continue to be the grantee
of the franchise as an operating division of TMCT and will
continue to operate under the Franchise.
NOW, THEREFORE, BE IT RESOLVED that insofar as may be
necessary or advisable under the Franchise, the transfer of
control of the Franchise to TMCT, as represented to the
City, is hereby authorized and consented to.
ADOPTED this 8th day of September, 1992.
ATTEST:
I hereby certify that the foregoing Resolution was duly
and regularly adopted by the City Council of the city of
Orange at a regular meeting thereof held on the 8th day of
September, 1992, by the following vote:
AYES: COUNCIL MEMBERS: STEINER, BARRERA. MAYOR BEYER. COONTZ
SPURGEON
NOES: COUNCIL MEMBERS: NONE
ABSENT: COUNCIL MEMBERS: NONE
city Cler of tJt€ C' y of Orange
Reso. No. 8078 2-LAR: ld
EXHIBIT A
The city of Orange hereby confirms unto Times Mirror
Cable Television of Orange County, Inc., a California
Corporation, that with resect to the Franchise granted to
Community Cablevision Company:
a) The Franchise was properly granted;
b) The Franchise is currently in full force and
effect and expires on October 23, 2004.
c) The Franchise supersedes all other prior
agreements between the City of Orange and Community
Cablevision Company.
d) The Franchise represents the entire understanding
of the City of Orange and Community Cablevision Company, and
Community Cablevision has made no commitments and owes no
obligation to the City of Orange, other than those
specifically stated in the Franchise.
e) The City Council of the City of Orange has not
been advised of any material noncompliance by Community
Cablevision Company under the Franchise as of the date
hereof; and
f) The city Council of the City of Orange has not
been advised as of the date hereof of any known fact or
circumstance which constitutes or which, with the passage of
time or the giving of notice or both, would constitute a
default or breach under the Franchise, or would allow the
City of Orange to cancel or terminate the rights thereunder,
except upon the expiration of the full term thereof or as
otherwise provided in the Franchise.
LAR:ld 3-Reso. No. 8078