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Agenda - 06-26-1995 - V-D
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Agenda - 06-26-1995 - V-D
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12/8/2014 12:26:51 PM
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BOCC
Date
6/26/1995
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
V-D
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Minutes - 19950626
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\Board of County Commissioners\Minutes - Approved\1990's\1995
RES-1995-066 Resolution Granting The Consent of OC to the Transfer of Control of Alert Cable TV of NC, Inc. and Its Cable Television System Form Cablevision Industries Corp. to Time Warner, Inc.
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\Board of County Commissioners\Resolutions\1990-1999\1995
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9 <br /> The following is a summary of CVI a/k/a Alert Cable's December 31, 1993 year-end adjusted <br /> account balances for intangible assets. <br /> Table B <br /> Account Balance Summary <br /> X.X.X. <br /> ....................... ....... ... <br /> ............ ............. ... <br /> .......... ......... . <br /> ........ . ........ <br /> ................. <br /> ................. <br /> ................................%........ <br /> Rk ............ .....A W. <br /> ............. <br /> ........................... <br /> ... ...... ............... .... <br /> ......... .... <br /> ... ............... ............%..........., ............. <br /> . ... .............. .. <br /> .... ... ... <br /> .................... <br /> ................ <br /> ............ <br /> ........................... <br /> X: ............ <br /> .......... ........ ...... ......... .................. <br /> ............ .. <br /> .......... <br /> .. ........ <br /> X, <br /> :::W:X:: . .... <br /> ... .... ... ...........X.... .... .... <br /> Organizational and Franchise Costs - includes capitalized expenditures $232,000.00 <br /> associated with the organization of the business and with the acquisition <br /> of franchise rights. <br /> Subscriber Lists - the capitalized costs associated with the development $41,000.00 <br /> of Subscribership records. <br /> Capitalized Start-Up Losses $0.00 <br /> Goodwill $0.00 <br /> Other Intangibles $128,000.00 <br /> Accumulated Amortization - depreciation on all intangible assets. ($120P <br /> After the merger and expiration of current cost-of-service rates, Time Warner will not be <br /> allowed to increase the intangible values much beyond the present levels. There is a two year <br /> limit during which TWI can amortize the value of CVI's customer [subscriber] list. <br /> The two year rate freeze period promulgated under the Cost-of-Service FCC-1220 rate process <br /> ends September 30, 1996. Therefore, basic service rates for cable television cannot increase <br /> above levels provided under the FCC rate adjustment rules. <br /> The availability of public bandwidth for government communication is a concern to the <br /> Town's administration. Therefore, the County should consider the need to procure <br /> bandwidth on existing and new cable-telecommunications systems to transmit public <br /> communications [data and telemetry information] between government facilities within the <br /> community. <br />
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