1614 - Resolution - Falcon Video CommunicationsRESOLUTION NO. 1614 4'
A RESOLUTION OF THE CITY OF PORT ORCHARD,
WASHINGTON APPROVING THE TRANSFER AND
f� 1 ASSIGNMENT OF A CABLE TELEVISION FRANCHISE
! tJ�xYG FROM OLYMPIC CABLEVISION LIMITED PARTNERSHIP
TO FALCON VIDEO COMMUNICATIONS, L.P.
WHEREAS, Olympic Cablevision Limited Partnership (the
"Franchisee") operates a cable television system in Port Orchard,
Washington (the "City") pursuant to a valid existing franchise
(the "Franchise") granted by the City to the Franchisee pursuant
to Ordinance No. 1464, dated December 11, 1989, the terms and
conditions of which Franchise, as amended, are in full force and
effect as of the date of this Resolution; and
WHEREAS, the Franchisee is not in default of any of its
obligations under the Franchise; and
WHEREAS, the terms and conditions of the Franchise
require that the sale or transfer of the Franchise may not be
consummated without the prior approval of the City; and
WHEREAS, the Franchisee has requested that the City
approve the transfer of the Franchise to Falcon; and
WHEREAS, Falcon has shown that it possesses the
financial, technical and legal qualifications to operate the
cable system in Port Orchard, Washington;
NOW, THEREFORE, BE IT RESOLVED THAT:
1) The Franchise Transfer and Assignment to Falcon,
its successors and assigns, and Falcon's
assumption of all rights and obligations under the
Franchise is approved effective as of the period
from and after the consummation of the Franchise
Transfer and Assignment.
Z) Approval is also granted for the assignment of a
security interest in the cable television system,
its assets or the Franchise in connection with the
financing and operation of the cable television
system.
3) The City hereby affirms that, as of the date of
this Resolution, the Franchisee is the current, lawful holder of
the Franchise, the Franchise was validly issued and remains in
full force and effect and no event has occurred which, except for
the failure to give notice or the passage of time or both, would
constitute a breach or noncompliance or default by the Franchisee
under the terms of the Franchise.
Resolution No. 1614
Page Two of Two
PASSED by the City Council of the City of Port Orchard,
APPROVED by the Mayor and attested by the Clerk in authentication
of such passage this 24th day of August, 1992.
C
LESLIE J. WEATHERILL, MAYOR
ATTEST:
Patricia Hower, City Clerk