Resolution 1995-373
RBSOLUTIOR .0. '5-~
REPOLUTIOK OF THB BOARD OF COUNTY COMMISSIONERS
01' COLLIER COt1l1'1'Y, PLORIDA CONSENTIliIG '1'0 THB
TRUSI'D AJm ASSIGJIXD'! OF CABLB '1'ELBVISIOR
J'V"CJaSB J'JtOX COLOn CULBVZSIOR OF FLORIDA, A
D1'1 'lSIaR OJ' DOVIDDCB JOO'RJlAL COHPAJrY '1'0
C011TI...TAL CABLBVISIOJf, BC.
WBEREAU, Colony Cablevision ot Florida ("Colony") owns,
operates ant maintains cable television systems in Collier County,
Florida purf':uant to the Franchise Agreement bet.ween Palmer
Broadcastin. r Company and CO.~.lier County dated. 'une 20, 1967, as
a.ended, the Franchise Aqre~ment between Marco Island Cablevision
COrp. and CrJllier county da',ed June 6, 1967, t:"1e Franchise
Agreement b~tween Palmer Co}amunications, Incor~orated and Collier
COunty ett~ctive as ot Marc~ 24, 1987 and the ~Tanchise Fee
Settlement Agreement dated December 17, 1991, all as assigned to
COlony (collectively the "Colony Franchise A91 .ements"); and
WHEREAS, purG\.~ant to S 'lction 17.13 ot Col.Lier County
Ordinance No. 88-90 and 47 ,'.S.C. 537, COlony l'las requested the
consent ot the Board ot Co\. 'lty COIDIlis.ioners t.o the transter and
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assignment ct its cable telavision tranchise and the Colony
Franchise Agreement. to Continental Cablevisio~, Inc., a Delaware
Corporation ("Continental"); and
WHEREAS, Providence J("lrnal Company and C t)ntinental have
entered intll an Amended an.\ Restated Agreemen', and Plan ot Merger
dated as ot November 18, l' ~4 (the "Agreement"", subject to, among
other considerations, any xequired approval ot the Franchise
Authority w:.th respect thereto; and
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WHBREA~, in connectio~ with the merger a~'l other transactions
(the "Transf.iction") contemplated by the Agreement, the franchise
held by Colony will be assigned to King Broadclsting Company
which, in t\.rn, will immediately transter the franchise to (1)
Colony Communications, Inc., a wholly owned s~bsidiary ot
Providence 'rournal Company which, as a result ot the Transaction,
will becom6 a wholly owned subsidiary of Cont~nental, or (ii)
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Continental directly as a result of the IIl8rger of King
Broadcasting Company into Continental which is also part of the
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Transaction; and
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WBERBAn, Colony and Continental have submitted a transter ;~
application and required fee to the Oftice of the County Manager;
and
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. WllERBAJ, the Board is satistied of the legal, technoloqical,
tinancial,and ownerShip data concerning the qualifications ot
Continental' and
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1fJIBRBAB, Continental h,.s agrllled to comply with all provisions
of Collier ,;ounty Ordinance No. 88':'90, as amen:led; and
1fJIBRZAS, the Board of ~ounty Commissioner~ has considered the
proposed t~ansfer and assigr=ent request and h~s tound no
reasonable cause to deny consent to the transfer and assignment..
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If OW , TBDD'ORB, SB IT. REBOLVBD BY 'I'D sorm' OF COtnrrY
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with all provisions of Collier, County Ordinan(;!, No. 8S-90, as,~)
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aaended, except franchise fee calculations, whJ.ch will be governed' ;r.
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COJDaSSIOJrBRS OJ' COLLIER COTJJrrY, FLORIDA, that;:
1.
The Board hereby c. Insents to the tram;fer and assignment
ot the Colony Franchise Acp. .!ements to Continer. t:al, . or its
SUbsidiary.
2.
The Boar~ acknowledges Continental's agreement to comply
still owing when the County completes its currlnt internal audit
by the Cler},.. o~ Courts, Internal Audit Divisiotl, for the years
1991 to pres ent, however, ':C)ntinental is not waiving the right to
review said audit report and to object to .i.~'lculations or
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errors contained therein.
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4 . By consenting to and agreeing to accE"t this. transter and,.
assignnent, neither the Cou~ty nor Continental waives.any rights
either may .ave under tedel'~l, state, local le'J or the Colony
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JUN 2 0 I9IJ
Franchise Agreements.
5. Ttis Resolution shall take effect immediately upon
adoption.
This Resolution adopted this d.P day of ~I ____ ,
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1995, attel' motion, second and aajority vote tavoring the same.
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ATTEST: "
DWIGHT"~!. I.ROCK, CLERK
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.>-)~(J(..VJL'. By.
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HFAIbJ974.
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