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. .4 . <br /> P . <br /> 022 <br /> - . <br /> RESOLUTION OF THE ORANGE COUNTY BOARD OF COMMISSIONERS <br /> APPROVING TRANSFER OF <br /> VILLAGE CABLE'S CABLE TELEVISION FRANCHISE , <br /> TO <br /> PRIME VENTURE <br /> WHEREAS, the Board of Commissioners of Orange County by an ordinance <br /> effective February 24, 1981, granted to Village Cable of Orange County, Inc. <br /> ("Village Cable") a franchise to operate a cable television system in Orange <br /> County;. and <br /> WHEREAS, Village Cable, On June 11, 1986, entered into an asset <br /> purchase agreement with Prime Venture I, Inc. ("Prime Venture") , a Delaware <br /> Corporation, for the sale and transfer of substantially all of Village - ' <br /> Cable's assets, including its cable television system in Orange County, to <br /> Prime Venture; and <br /> WHEREAS, Village Cable has requested permission from the Board of <br /> Commissioners.to transfer its rights under the franchise to Prime Venture; <br /> and <br /> WHEREAS, Prime Venture agrees to accept the terms and obligations of <br /> the franchise as transferred; and <br /> • • WHEREAS, Prime Venture agrees to be bound by the Memorandum of Agree- <br /> ment concerning handling of citizen requests for the extension of Cable TV , <br /> service and to maintain a local office for the purpose of handling sub- <br /> scriber complaints and providing prompt maintenance service; and <br /> WHEREAS, Prime Venture agrees to provide an audited report of gross <br /> annual receipts as provided for in Section XIITof the Cable Television <br /> System Ordinance; and <br /> WHEREAS, the Board of Commissioners has determined that Prime Venture <br /> is qualified to hold the cable television franchise; <br />