HomeMy WebLinkAbout03-186DATE
SUBMITTED:
BILL
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
SUBJECT: RESOLUTION NO. ~ ~ 0.5 Committee Meeting Date: September 16, 2003
ASSIGNMENT OF CABLE FRANCHISE COUNCIL MEETING Date: September 24, 2003
Department: Finance Department
Presenter: Michael Wilson
Phone: 473-5590
SUMMARY: Charter Communications Holding Company, LLC entered into a purchase and sale
agreement with WaveDivision Hoistings, LLC, for the sale of Charter's cable television system
serving the City and adjacent areas{ pursuant to which (i) the Franchise will be assigned and conveyed
from Charter to WaveDivision IV, LLC, which as of the date of such assignment and conveyance will
be wholly-owned by Charter, and (ii) immediately following such assignment and conveyance of the
Franchise, Charter wilt sell and convey all of the membership and other ownership interests in Wave
IV to Wave Holdings. ~Pursuant to Section 2 of the franchise, City approval is required for any
transfer of ownership 6r change in control.
ATTACHMENTS: Proposed Resolution IQ O, .2 cI 05
FISCAL IMPACTS (Include Budgeted Amount):
APPROVALS: ~~::~
DEPARTMENT DIRECTOR:
CITY ATTORNEY:
FINANCE DIRECTOR: .~a~./r. ~-~.. "~
OPE~TIONS:
CO~CIL P~SDENT: ~.~ ~- ~.-~
~COMMENDED MOTION: I move to pass Resolution No. ~ ~ O~ .
COUNCIL ACTION: ~Approve [] Deny [] Table [] Continue [] No Action