Browse
Search
Agenda - 08-22-1995 - V-B
OrangeCountyNC
>
Board of County Commissioners
>
BOCC Agendas
>
1990's
>
1995
>
Agenda - 08-22-95
>
Agenda - 08-22-1995 - V-B
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/18/2014 9:02:20 AM
Creation date
12/18/2014 9:02:10 AM
Metadata
Fields
Template:
BOCC
Date
8/22/1995
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
V-B
Document Relationships
Minutes - 19950822
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\1990's\1995
RES-1995-041 Resolution Granting the Consent of Orange County to the Transfer of Control of Alert Cable TV of North Carolina, Inc. and its Cable Television System from Cablevision Industries Corporation to Time Warner Inc.
(Linked From)
Path:
\Board of County Commissioners\Resolutions\1990-1999\1995
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
19
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
ADOPTED BY BOCC - 6/26/95 1T <br /> RESOLUTION #95- <br /> A RESOLUTION GRANTING THE CONSENT OF ORANGE COUNTY TO THE <br /> TRANSFER OF CONTROL OF ALERT CABLE TV OF NORTH CAROLINA, INC. AND ITS <br /> CABLE TELEVISION SYSTEM FORM CABLEVISION INDUSTRIES CORPORATION TO <br /> TIME WARNER, INC. <br /> WHEREAS, Alert Cable TV of North Carolina, Inc. ("Alert") has the right to install, <br /> construct, own, operate and maintain a cable television system("the System")within Orange <br /> County("the County") pursuant to a cable television franchise issued by the County(the <br /> "Franchise"); and <br /> WHEREAS, Alert is currently controlled by Cablevision Industries corporation("CIC") <br /> and CIC's principal shareholder,Mr. Alan Gerry, an individual residing in Liberty, New York <br /> ("Principal Shareholder"); and <br /> WHEREAS, Time Warner, Inc., ("TWI") and CIC and the Principal Shareholder had <br /> entered into an Agreement and Plan of Merger in which a wholly owned subsidiary of TWI will <br /> merge with and into CIC and, upon completion of the transaction, CIC will become a subsidiary <br /> of TWI, and TWI will then control Alert and the System(the "Transfer"); all as set forth in the <br /> Agreement and the Supplemental Agreement, each dated February 6, 1995; and <br /> WHEREAS, TWI, CIC and Alert have jointly submitted to the County an application on <br /> Federal Communications Commission Form 394 for consent to the Transfer and have submitted <br /> such other information concerning the Transfer as required by the Franchise and applicable law <br /> and as reasonably requested by the County(collectively the "Transfer Application"); and <br /> WHEREAS, the County has reviewed the Transfer Application, and the report from its <br /> Cable TV Consultant and has examined the legal, financial and technical qualifications of TWI, <br /> and the County is concerned about the level of debt already incurred by TWI and the impact said <br /> debt may have on Alert's ability to provide service under the existing franchise; and <br /> WHEREAS, recognizing that TWI already controls a franchise in this jurisdiction and <br /> other franchises in adjoining jurisdictions and if the Transfer is consummated TWI will be the only <br /> substantial cable operator in the region and therefore this Transfer may eliminate or reduce <br /> competition in the delivery of cable service in the County; and <br /> WHEREAS, TWI has publicly stated that it intends to cluster its franchises in regional <br /> concentrations in order to provide multimedia and switched business and residential <br /> telephone/telecommunications services more efficiently and more effectively. <br />
The URL can be used to link to this page
Your browser does not support the video tag.