6.5A. SR 02-22-1999 - Laserfiche WebLink

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. . . Resolution 99 - A RESOLUTION OF THE CITY OF ELK RIVER A RESOLUTION CONDITIONALLY CONSENTING TO THE TRANSFER OF CONTROL OF AND CERTAIN OWNERSHIP INTERESTS IN A CABLE TELEVISION FRANCHISE TO BRESNAN TELECOMMUNICATION COMPANY, LLC WHEREAS, the cable television franchise (the "Franchise") of the City of Elk River, Minnesota (the "Authority") is currently owned and operated by Cable TV Fund 14-A, Ltd., doing business as Jones Intercable, Inc. ("Jones"); and, WHEREAS, Bresnan Communications Company Limited Partnership ("BCCLP") and Jones entered into an Asset Purchase Agreement By and Between BCCLP and Jones dated as of November 6, 1998. As a result of the agreement, BCCLP will acquire substantially all of the assets of Jones, including its cable television systems in Minnesota. The cable system will then be transferred to Bresnan Telecommunications Company LLC ("Bresnan"), a wholly owned subsidiary of BCCLP (the "Jones/Bresnan Agreement"); and, WHEREAS, Jones and Bresnan have represented and agreed that the Jones/Bresnan Agreement will not alter any existing title, asset ownership, or management agreement of Jones and Jones will continue to hold the Franchise; and, WHEREAS, the Authority has received a request for consent to the transfer of Jones to Bresnan (the "Jones/Bresnan Transfer"); and, WHEREAS, no notice of breach or default under the Franchise has been issued by the Authority within the past 12 months and none is outstanding; and, WHEREAS, the Authority has determined that subject to certain conditions which must be met, Bresnan possesses the requisite legal, technical, and financial qualifications. NOW, THEREFORE, BE IT RESOLVED, that the Jones/Bresnan Transfer is hereby consented to by the Authority and permitted conditioned upon: 1. Execution and delivery of a Corporate Guaranty of BCCLP acceptable to the Authority in the form attached hereto; and,