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RESOLUTION NO. 5428
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA, GRANTING APPROVAL OF THE
TRANSFER OF THE ARCADIA CABLE TELEVISION SYSTEM
WHEREAS,
Cablevision of Arcadia/Sierra Madre,
Inc,
a
Delaware Corporation (Grantee) is the duly authorized holder of a
franchise, permit, license or other authorization (Franchise)
authorizing the operation and maintenance of a Cable Television
System and authorizing Grantee to serve the City (Grantor) with
Cable Television Services; and
WHEREAS, the sole stockholder of Grantee is Daniels &
Associates; and
WHEREAS, the Grantee has advised the Grantor that the
outstanding capitol stock of Daniels and Associates, Inc., is to
be sold and after such sale is to be held by United
Artists(Transferee); and
WHEREAS, pursuant to the Franchise, the City of Arcadia has
authority to approve and disapprove of any change of control and
any related transfer or change; and
WHEREAS, Grantee and Transferee (United Artists) request
that Grantor consent to the change subject to this Resolution.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY FIND, DETERMINE AND RESOLVE AS FOLLOWS:
SECTION 1.
That the Grantor hereby consents to the change
in ownership of the stock in Daniels & Associates, Inc., that is
described above.
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SECTION 2. That the consent herein granted does not
constitute and shall not be construed to constitute a waiver of
any obligations of Grantee or Transferee under the Franchise.
SECTION 3. Grantor hereby grants its approval provided that
Transferee provides a written agreement that it has read and
fully understands the terms and conditions of the Franchise dated
July 5, 1985 and amended May 20, 1986 and that it agrees upon
transfer to assume all obligations thereof and acknowledging that
it understands and agrees to the terms and conditions of this
Resolution and that it operates the system in compliance with the
terms and conditions of the Franchise
SECTION 4.
conditions of
All operations of the system and all terms and
the Franchise including but not limited to
liquidated damages, insurance requirements, construction
requirements, customer services, technical standards, performance
requirements,
public
access
requirements
and
all
local
origination requirements shall be the management responsibility
of the Transferee from the effective date of the transfer.
SECTION 5.
Reference to United Artists herein means United
Artists HOQding Company, Inc.
SECTION 6.
That the City Clerk shall certify to the
adoption of this Resolution.
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5428
Passed, approved and adopted this 19th day of July, 1988.
/L~~
Mayor of the City of Arcadia
ATTEST:
Arcadia
'"
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS:
CITY-OF ARCADIA
I, JUNE, D. ALFORD, City Clerk of the City of Arcadia,
hereby certify that the foregoing Resolution No. 5428 was passed
and adopted by the City Council of the City of Arcadia signed by
the Mayor and attested to by the City Clerk at a regular meeting
of said Council held on the 19th day of July, 1988, and that said
Resolution was adopted by the following vote, to wit:
AYES: Councilmerobet Chandler, Gilb, Lojeski and Harbicht
NOES: None
ABSENT: Councilmember Young
of Arcadia
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