HomeMy WebLinkAbout87-595 - Resolutions RESOLUTION NO. 87-595
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCliO
CUCAMONGA, CALIFORNIA, APPROVING THE TRANSFER OF CONTROL
OVER THE CITY FRANCHISE AGREEMENT WITH SCOTT CABLE
COMMUNICATIONS, INC.
WHEREAS, Scott Cable Communications, Inc. ("the Franchisee") has a
non-exclusive franchise granted by the City of Rancho Cucamonga to authorize
the cable television system in the City pursuant to Ordinance No. 220 and a
Franchise Agreement effective April 18, 1985; and
WHEREAS, Simmons Communications Merger Corp. has entered into a merger
agreement pursuant to which control over the Scott Cable Communications, Inc.
system in Rancho Cucamonga will change, and has requested approval of such a
change of control over the franchise] and
WHEREAS, Scott Cable Communications, Inc. has also requested the
consent of the City Council to the granting of a security interest in the cable
television franchise held by it] and
WHEREAS, the City Council has reviewed the request for and hereby
desires to consent to the change of control to 1.) Steven J. S~mmons] 2.)
Allstate Insurance Company; and/or 3.) Media/Communications Partners Limited
Partnership, provided that Media/Communications Partners Limited Partnership
and Allstate Insurance Company shall have a right to transfer not more than an
aggregate of 15% of their interests to one or more entities controlled by them.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF RANCHO CUCAMONGA DOES
HEREBY RESOLVE THAT:
The request for change of control is hereby granted pursuant to all of
the terms and conditions set forth in that certain agreement dated April 18,
1985.
The City Council consents to the grant of security interest(s) in the
Franchise and the tangible assets of the cable system located in the City of
Rancho Cucamonga to secure any indebtedness or obligations owed by the
Franchisee or which hereinafter may be incurred by the Franchisee. The City
Council further consents to the exercise by any secured party of its rights as
a secured party in the Franchise and cable system. The City Council agrees to
accept performance of Scott's obligations under the Franchise by such a secured
party. Nothing contained herein shall constitute a waiver of any rights the
City Council may have to approve any further transfer or assignment of the
Franchise by the Franchisee or any such secured party.
Resolution No. 87-595
Page 2
PASSED, APPROVED, and ADOPTED this 4th day of November. 1987.
AYES: Brown, Buquet, Stout, King, Wright
NOES: None
AB SENT: None
Dennis L. Stout, Mayor
ATTEST:
Beverly
I. BEVERLY A. AUTHELET. CITY CLKRK of the City of Ranch~ Cucamonga,
California, do hereby certify= that the foregoing Resolution was duly passed,
approved, and adopted by the City Council of the City of Rancho Cucamonga,
California, at a regular meeting of said City Council held on the 4th day of
November, 1987.
Executed this 5th day of November, 1987 at Rancho Cucamonga,
California.
Beverly A Aut~