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HomeMy WebLinkAbout6098RESOLUTION NO. 6098 A RESOLUTION CONSENTING TO THE ASSIGNMENT BY PUEBLO TV POWER, INC. OF ITS PERMIT TO OPERATE A COMMUNITY TELEVISION SYSTEM WITHIN THE CITY OF PUEBLO TO TCI CABLEVISION OF COLORADO, INC. WHEREAS, pursuant to Chapter 5 of Title XIV of the 1971 Code of Ordinances (herein "Ordinance "), a revocable Permit to operate a Community Television System within the City of Pueblo was issued to Pueblo TV Power, Inc. by Resolution No. 2278 approved by the City Council on December 27, 1967; and WHEREAS, the Permit issued by Resolution No. 2278 was renewed for a period of fifteen years by Resolution No. 3819 approved by the City Council on August 23, 1976; and WHEREAS, Pueblo TV Power, Inc. desires to transfer and assign the Permit to TCI Cablevision of Colorado, Inc. pursuant to a corporate reorganization within Tele- Communications, Inc., the parent company of both T. V. Power, Inc. and TCI Cablevision of Colorado, Inc.; and WHEREAS, TCI Cablevision of Colorado, Inc. has represented to the City that there will be no change in local management or operation of the cable television system within the City because of such corporate reorganization, and that TCI Cablevision of Colorado, Inc. will comply with any and all obligations under the Permit; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, that: SECTION 1 The City of Pueblo hereby consents to the transfer and assignment by Pueblo TV Power, Inc. to TCI Cablevision of Colorado, Inc. of the Permit issued to Pueblo TV Power, Inc. pursuant to the Ordinance by Resolution No. 2278 and renewed for a term of fifteen (15) years by Resolution No. 3819 adopted August 23, 1976. This consent shall become effective upon: (a) The closing of the acquisition of all assets of Pueblo TV Power, Inc. by TCI Cablevision of Colorado, Inc.; and, (b) The execution and delivery to the City of an instrument, acceptable to the City Attorney, assigning and transferring the Permit from Pueblo TV Power, Inc. to TCI Cablevision of Colorado, Inc. containing: TCI Cablevision of Colorado, Inc.'s understanding that the City by consenting to the transfer and assignment makes no representation of any kind or nature concerning the Permit, including without limitation, the validity of the Permit; TCI Cablevision of Colorado, Inc.'s representation and warranty that it will faithfully and continuously operate and conduct a Cable Television System within the City of Pueblo subject to and in full compliance with all applicable terms and provisions of (i) the Ordinance, as amended or as it may be subsequently amended, (ii) the Cable Communications Policy Act of 1984, as amended, (iii) the rules and regulations of the Federal Communications Commission, and (iv) the Agreement dated May 13, 1985 between Pueblo TV Power, Inc. and the City; and, TCI Cablevision of Colorado, Inc.'s assumption of all obligations and liabilities of Pueblo TV Power, Inc. under the Permit and Ordinance. Upon the effective date of this consent, Pueblo TV Power, -2- Inc. shall be released from any future obligations and liabilities under the Permit and the Ordinance. ATTEST: Cit Clerk INTRODUCED: September 28 , 1987 By MIKE SALARDINO Councilman APPR ;n t te 5of the City CoLVncil QcIM