Agenda - 07-08-1986 (cont'd from 07-07-1986)

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• RESOLUTION OF THE ORANGE COUNTY BOARD OF COMMISSIONERS APPROVING TRANSFER OF VILLAGE CABLE'S CABLE TELEVISION FRANCHISE TO PRIME VENTURE WHEREAS, the Board of Commissioners of Orange County by an ordinance effective February 24, 1981, granted to Village Cable of Orange County, Inc. ("Village Cable") a franchise to operate a cable television system in Orange County; and WHEREAS, Village Cable, On June 11, 1986, entered into an asset purchase agreement with Prime Venture I, Inc. ("Prime Venture") , a Delaware Corporation, for the sale and transfer of substantially all of Village Cable's assets, including its cable television system in Orange County, to Prime Venture; and WHEREAS, Village Cable has requested permission from the Board of Commissioners to transfer Its rights under the franchise to Prime Venture; and WHEREAS, Prime Venture agrees to accept the terms and obligations of the franchise as transferred; and WHEREAS, Prime Venture agrees to be bound by the Memorandum of Agree- i meat concerning handling of citizen requests for the extension of Cable TV service and to maintain a local office for the purpose of handling sub- scriber complaints and providing prompt maintenance service; and WHEREAS, Prime Venture agrees to provide an audited report of gross annual receipts as provided for in Section XIII of the Cable Television System Ordinance; and WHEREAS, the Board of Commissioners has determined that Prime Venture ; is qualified to- hold the cable television franchise;