HomeMy WebLinkAboutCity Council Resolution 99-04
RESOLUTION NO. 99-04
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SARATOGA
APPROVING THE CHANGE OF CONTROL OF THE
CABLE COMMUNICATIONS FRANCHISE
WHEREAS, TCI of Cleveland, Inc. (Franchisee) is duly authorized to operate and maintain a
cable communications system in Saratoga, California (the "System") by the City of Saratoga
("Franchise Authority") pursuant to a franchise (the "Franchise") granted by the Franchise
Authority; and
WHEREAS, pursuant to the Agreement and Plan of Restructuring and Merger among AT&T
Corp. ("AT&T"), a newly fonned wholly owned subsidiary of AT&T ("Merger Sub"), and
Telecommunications, Inc., the parent of Franchisee ("TCI"), dated as of June 23, 1998 (the
"Merger Agreement"), Merger Sub will merge with and into TCI with TCI as the surviving
corporation in the merger, and as a result of the transactions contemplated by the Merger
Agreement, TCI will become a wholly owned subsidiary of AT&T (the "Transactions"); and
WHEREAS, Franchisee will continue to hold the Franchise after consummation of the
Transactions; and
WHEREAS, FCC Form 394 with respect to the Transactions has been filed with the Franchise
Authority; and
WHEREAS, the parties have requested consent by the Franchise Authority to the Transactions.
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
SECTION 1. The Franchise Authority hereby consents to and approves the Transactions to the
extent that such consent is required by the tenns of the Franchise and applicable law.
SECTION 2, This Resolution shall be deemed effective in accordance with applicable law.
The above and foregoing Resolution was passed and adopted at a regular meeting of the Saratoga
City Council held on the 6th day of January, 1999, by the following vote:
AYES: Counci 1 members
NOES: None:
ABSTAIN: None
ABSENT: None
Baker, Streit, Mehaffey, Vice Mayor Bogosian, Mayor Shaw
ATTEST:
~(¡(h~
Cìty Clerk
J~~
. ',,-