Agenda - 03-24-1992 - Laserfiche WebLink

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� l r ' r RESOLUTION OF BOARD OF COMMISSIONERS OF ORANGE COUNTY APPROVING THE TRANSFER OF THE CABLE TELEVISION FRANCHISE OF CAROLINA CABLE TO CABLEVISION OF DURHAM INC. WHEREAS, Prime Cable Income Partners, L.P. d/b /a Carolina Cable ( "Prime ") has been granted a nonexclusive franchise by Orange County authorizing the use of rights of way in the unincorporated areas of Orange County for the distribution of cable television service (the "Prime Franchise'.'); and WHEREAS, by simultaneous action by the Board of Commissioners, the Prime Franchise has been amended by Ordinance to alter the service area covered by the Prime Franchise and to add certain obligations for Cablevision of Durham, Inc., ( "Cablevision ") as transferee of the Prime Franchise as a condition of the approval of the transfer; and WHEREAS, American Television & Communications Corporation ( "ATC "), the parent corporation of Cablevision has entered into an agreement with Prime to acquire the cable system operated by Prime in Orange County and surrounding areas, subject to the consent and approval of the Orange County Board of Commissioners; and WHEREAS, ATC and Prime have requested the approval of the Board of Commissioners for the transfer of the Prime Franchise, as amended, to Cablevision, ATC or an affiliated entity under the control of ATC's parent corporation, Time Warner, Inc. NOW, THEREFORE, BE IT RESOLVED BY THE ORANGE COUNTY BOARD OF COMMISSIONERS: L The Board of Commissioners of Orange County hereby gives its approval and consent for the transfer of the Prime Franchise, as amended, to Cablevision, ATC or any affiliated entity under the control of Time Warner, Inc. 2. Following the transfer, Cablevision shall furnish the County with a signed acceptance acknowledging the transferee's obligations under the terms of the Prime Franchise, as amended, no later than thirty (30) days following the transfer. The acknowledgement shall include Cablevision's acceptance of the obligation to pay an annual privilege license tax of five percent (5 %) of gross revenues effective January 1, 1992. This resolution shall tape effect immediately having been duly adopted this day of ,4�14 9611 - , 1992, by the Board of Commissions of Orange County, North Carolina as provided by law.