RESOLUTION NO. ______, SERIES 2014
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CONSENT TO TRANSFER OF CONTROL OF CABLE FRANCHISE (As Amended).
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Sponsored By: Council Members Fleming, Aubrey Welch
WHEREAS, Insight Kentucky Partners II, L.P ("Franchisee") is the duly authorized holder of a franchise, as amended to date (the "Franchise"), authorizing Franchisee to serve Louisville/Jefferson County Metro Government (the "Franchise Authority") and to operate and maintain a cable television system there; and
WHEREAS, on February 12, 2014, Comcast Corporation ("Comcast") and Time Warner Cable Inc. ("TWC"), the ultimate parent company of Franchisee, and Tango Acquisition Sub, Inc. ("Tango"), entered into an Agreement and Plan of Merger, pursuant to which TWC will merge with Tango, a wholly-owned subsidiary of Comcast, with TWC as the surviving company, TWC becoming a wholly-owned subsidiary of Comcast and, Comcast, after the consummation of its merger with TWC, becoming the ultimate parent company of Franchisee (the "Comcast Transaction"); and
WHEREAS, on or about April 9, 2014 Comcast submitted an FCC Form 394 to the Franchise Authority; and
WHEREAS, on April 25, 2014, Charter Communications, Inc. ("Charter") and Comcast entered into the Comcast/Charter Transactions Agreement, and contingent upon Comcast's consummation of its acquisition of TWC, pursuant to which the Franchisee, shall become a wholly-owned subsidiary of Charter (the "Charter Transaction"); and
WHEREAS, Charter has filed an FCC Form 394 with the Franchise Authority with respect thereto; and
WHEREAS, Charter has provided the Franchise Authority a letter dated August 26, 2014 ("Charter Letter"), a letter dated September 5, 2014 ("Charter Letter II"), and a document entitled "Charter Values", all of which are attached hereto and incorporated by reference; and
WHEREAS, the Charter Letter states that "Charter is excited about the eventual rollout of network upgrades in Louisville that will r...
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