HomeMy WebLinkAboutResolution 680 Cable TV Franchise
RESOLUTiON NO. 680
A RESOLUTION OF THE CITY OF WINTER SPRINGS, FLORIDA,
AUTHORIZING A TRANSFER OF THE CABLE TELEVISION FRANCHISE
FROM THE CURRENT FRANCHISE HOLDER TO TIME WARNER
ENTERTAINMENT D/B/A VABLEVISION OF CENTRAL FLORIDA A/K/A/
C.V.
WHEREAS, CableVision of Central Florida (the "Franchisee") is the
holder of a cable television franchise (the "Franchise") for the City of
Winter Springs, and
WHEREAS, the Franchisee is a subsidiary or division of American
Television and Ccmnunications Corooration ("ATC"):
WHEREAS, ATC is a majority owned subsidiary of Time Warner Inc.
("Time Warner"), a widely held New York Stock Exchange company which intends
to create a new limited partnership entity comprised or the business and
assets of its filmed entertairment, programming and cable divisions, which
entity shall be known as Time Warner Entertairment Company, L.P. ("TWE"): and
WHEREAS, Time Warner will retain majority ownership as well as
operating and management control of TWE and will operate TWE as a controlled
subsidiary of Time Warner employing the assets of ATC including the Franchise
and the Franchisee. and the assets of Warner Cable, Lorimar Telepictures.
HBO. and Warner Bros.: and
WHEREAS. Time Warner intends to offer minority limited partnership
interests in TWE to strategic partners in TWE, including Toshiba Corporation
and C. Itoh & Co. Ltd.: and
WHEREAS, ATC will continue to exist as an operating division of TWE,
with the existing management structure remalnlng at both the local and
corporate levels and no change is anticipated in the manner in which the
business and operations of the Franchisee are conducted; and
WHEREAS, the Franchisee will continue to be the grantee of the
Franchise as an operating division of TWE and will continue to operate under
the Franchise:
NOW,THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF WiNTER SPRINGS, FLORIDA:
SECTION I- That in so far as may be necessary or advisabIe under the
Franchise, transfer of the Franchise and the cable television system
operating oursuant to the Francnise fran the Franchisee to Time Warner
Entertairment d/b/a/CableVision of Central Florida/CV (including any
necessary transfers through one or more subsidiaries of Time Warner), is
hereby authorized and consented to in all respects.
SECTION II- This resolution shall take effect and be in force from
and after the earlier of the date of the final passage hereof or the earliest
time permitted by law.
Passed and adooted this 23rd day of March, 1992.
CITY OF WINTER SPRINGS
PHILIP A. KULBES, MAYOR
ATTEST:
Mary T. Norton
CITY CLERK
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_,~,~
RESOLUTION NO. 680
A RESOLUTION OF THE CITY OF WINTER SPRINGS, FLORIDA,
AUTHORIZING A TRANSFER OF THE CABLE TELEVISION FRANCHISE
FROM THE CURRENT FRANCHISE HOLDER TO TIME WARNER
ENTERTAINMENT p/B/A CABLEVISION OF CENTRAL FLORIDA A/K/A/
C.V.
WHEREAS, CableVision of Central Florida (the "Franchisee") is the
holder of a cabie television franchise (the "Franchise") for the City of
Winter Springs, and
WHEREAS, the Franchisee is a subsidiary or division of American
Television and Ccmnunications Corporation ("ATC");
WHEREAS, ATC is a majority owned subsidiary of Time Warner inc.
("Time Warner"), a widely held New York Stock Exchange company which intends
to create a new limited partnership entity comprised of the business and
assets of its filmed entertainment, programming and cabie divisions, which
entity shall be known as Time Warner Entertainment Company, L.P. ("TWE"); and
WHEREAS, Time Warner will retain majority ownership as Weil as
operating and management control of TWE and will operate TWE as a controlled
subsidiary of Tome Warner employing the assets of ATC including the Franchise
and the Franchisee, and the assets of Warner Cable, Lorimar Telepictures,
HBO, and Warner Bros.; and
WHEREAS, Time Warner intends to offer minority limited partnership
interests in TWE to strategic partners in TWE, including Toshiba Corporation
and C. itoh & Co. Ltd.; and
WHEREAS, ATC will continue to exist as an operating division of TWE,
whit the existing management structure remaining at both the local and
corporate levels and no change is anticipated in the manner in which the
business and operations of the Franchisee are conducted; and
WHEREAS, the Franchisee will continue to be the grantee of the
Franchise as an operating division of TWE and will continue to operate under
the Franchise;
NOW, THEREFORE, BE fT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF WINTER SPRINGS, FLORIDA:
SECTION I - 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 the Franchisee to Time Warner
Entertainment d/b/a/ CableVision of Central Florida/CV (including any
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necessary transfers through one or more subsidiaries of Time Warner), is
hereby authorized and consented to in ail respects.
SECTION II -This resolution shall take effect and be in force from
and after the earlier of the date of the final passage hereof or the earliest
time permitted by law.
Passed and adopted this ~~,~day of ~~~~,~ , 1992.
CITY OF WINTER SPRINGS
.-
PH I L I A . KULBES , MAYOR ____
ATTEST:
C1T/~ K