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4. Any outstanding issues the franchise authority may seek to resolve as a <br />condition of the transfer; and <br />Any recommendations by staff. <br />12 <br />The Cable Act of 1992, Section 617(e), stipulates that the transfer request must be "accompanied <br />by such information as is required~ixx accordance with Commission regulations and by the <br />franchise authority." It also provides a one hundred-twenty (120) day review period to allow the <br />franchise authority to examine the various aspects, such as the financial, legal and management <br />implications, of the proposed transaction. <br />The 120 day period commences from the date the cable operator submits the transfer request to <br />the franchise authority along with the information required by the franchise agreement. The <br />consultants spoke with Time Warner representatives to discuss issues associated with the <br />transfer. Also, they spoke with attorneys from Time Warner's home office who has the <br />responsibility to shepherd the merger. The AOL-Time Warner one hundred twenty-(120) day <br />review period commenced on March 9, 2000. <br />Franchise Fee U-Tax Auditing & Cable Television Administration <br />101 Pocono Lane, Cary, North Carolina 27513-5316 Voice # 919.467.5392 Fax # 919.460.6868 <br />