HomeMy WebLinkAbout1998-010 TCI Cablevision RESOLUTION NO. 10-98
A RESOLUTION OF CITY OF CHUBBUCK APPROVING THE CHANGE OF
CONTROL OF THE CABLE COMMUNICATIONS FRANCHISE
WHEREAS, TCI Cablevision of Idaho, Inc. ("FranChisee") is duly authorized to operate and
maintain a cable conununications system in Chubbuck, Idaho (the "System") by City of Chubbuck
("Franchise Authority") pursuant to a franchise (the "Franchise") granted by the Franchise Authority;
and
WHEREAS, pursuant to the Agreement and Plan of Restructuring and Merger among AT&T Corp.
("AT&T"), a newly formed wholly owned subsidiary of AT&T ("Merger Sub"), and Tele-
Communications, Inc., the parent of Franchisee CTCI"), dated as of June 23, 1998 (the "Merger
Agreement"), Merger Sub will merge with and into TCI with TCI as the surviving corporation in the
merger, and as a result of the transactions contemplated by the Merger Agreement, TCI will become
a wholly owned subsidiary of AT&T (the "Transactions"); and
WItEREAS, Franchisee will continue to hold the Franchise after consummation of the Transactions;
and
WHEREAS, FCC Form 394 with respect to the Transactions has been filed with the Franchise
Authority; and
WHEREAS, the parties have requested consent by the Franchise Authority to the Transactions.
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
SECTION 1. The Franchise Authority hereby consents to' and approves the Transactions to the
extent that such consent is required by the terms of the Franchise and applicable law.
SECTION 2. This Resolution shall be deemed effective in accordance with applicable law.
PASSED, ADOPTED AND APPROVED this 27th. day of OCTOBER ., 1998.
~OHN O. C(~T~NT, MAYOR
RON C. CONL~-N, Clerk