RESOLUTION NO. _________, Series 2015
Title
A RESOLUTION CONSENTING TO THE TRANSFER OF CONTROL OF INSIGHT KENTUCKY PARTNER II, L.P. , FROM TIME WARNER CABLE INC. TO CHARTER COMMUNICATIONS, INC. AND AUTHORIZING MAYOR TO EXECUTE A SETTLEMENT AGREEMENT WITH INSIGHT KENTUCKY PARTNER II, L.P. AND AN ASSUMPTION AGREEMENT WITH CHARTER COMMUNICATIONS, INC.
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SPONSORED By: COUNCILMAN TOM OWEN AND KEVIN KRAMER
WHEREAS, Insight Kentucky Partners II, L.P. ("Franchisee") is the duly authorized holder of a cable franchise. pursuant to City of Louisville Ordinance No 76, Series 1998 (as amended), (the "Franchise"), authorizing Franchisee to provide service in the community served by the Louisville/Jefferson County Metro Government, KY ("Louisville" or the "Metro Government") and to operate and maintain a cable system therein; and
WHEREAS, on May 23, 2015, Charter Communications, Inc. ("Charter Communications") along with its subsidiary CCH I, LLC ("New Charter") entered into agreements with Time Warner Cable Inc. ("TWC") (the ultimate parent company of Franchisee), Advance/Newhouse Partnership ("A/N"), and Liberty Broadband Corporation ("Liberty") in order to merge with TWC, the ultimate parent of the Franchisee (the "Transaction"); and
WHEREAS, TWC will merge into a subsidiary of New Charter; and
WHEREAS, Charter Communications will merge with a subsidiary of New Charter, and New Charter will assume the name Charter Communications, Inc. ("Charter"); and
WHEREAS, Charter filed an FCC Form 394 with the Metro Government with respect thereto;
WHEREAS, the Metro Government has considered and approves the Transaction subject to the conditions set forth in the body of this Resolution.
NOW THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY AS FOLLOWS:
The foregoing recitals are approved and incorporated herein by reference.
1. The Metro Government consents to the Transaction contingent on the rece...
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