HomeMy WebLinkAbout18526 - RESOLUTIONS - 12/7/1994 RESOLUTION NO. 18526
OF THE CITY COUNCIL OF THE CITY OF
PALM SPRINGS, CALIFORNIA. CONSENT TO
THE CONVEYANCE OF THE TIME WARNER
CABLE FIANCHISE TO A JOINT VENTURE
PARTNERSHIP INSOFAR AS MAY BE
NECESSARY OR ADVISABLE UNDER CABLE
TELEVISION FRANCHISE AGREEMENT 190. '
2535.
WHEREAS, Time Warner Entertainment Company, L.P. ("TWE") is the
holder of a franchise (the "Franchise") to provide cable television
service for the City of Palm Springs; and
WHEREAS, TWE with Advance Publications and Newhouse Broadcasting
Corporation will create a new joint venture cable operations to be
called Time Warner Entertainment - Advance/Newhouse Partnership;
and
WHEREAS, the joint venture will be managed by TWE and be two-thirds
owned by TWE and one-third owned by Advance/Newhouse, a partnership
of Newhouse Broadcasting and Advance Publications, Inc; and
WHEREAS, the Time Warner Entertainment-Advance Newhouse Partnership
will be bound by the terms and conditions of the Franchise subject
to applicable law; and
WHEREAS, the proposed Partnership has submitted extensive financial
and operational information with FCC Form 394 attesting to its
ability to operate the Franchise efficiently and effectively.
NOW THEREFORE, be it resolved that, insofar as may be necessary or
advisable under the Franchise, transfer of the Franchise: and the
cable television system operating pursuant to the Franchise from
TWE to Time Warner Entertainment - Advance/Newhouse Partnership
(including any necessary transfers through one or more Time Warner
entities) is hereby authorized and consented to in all respects.
ADOPTED this 7th day of December , 1994
AYES: Members Hodges, Kleindienst, Lyons, Reller-Spurgin and Mayor Maryanov
NOES: None
ABSENT: None
ATTEST: CI Y LM SIP
CPLLIFORNIA
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City Clerk Clerk y Man ger
:REVIEWED AND APPROVED as to form
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