HomeMy WebLinkAboutResolution No. 2006-26 RESOLUTION NO. R2006-26
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
FRIENDSWOOD, TEXAS, AUT�IORIZING AND CONSENTING TO A
CHANGE IN CONTROL OF TEXAS AND KANSAS CITY CABLE
PARTNERS, L.P., THE HOLDER OF A CABLE TELEVISION
FRANCHISE WITHIN THE CITY; AND PROVIDING OTHER
MATTERS RELATING TO THE SUBJECT.
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WHEREAS, Texas and Kansas City Cable Partners, L.P. ("Franchisee") owns a cable
television system (the"CATV System") in the City of Friendswood, Texas (the "City"), pursuant
to a franchise granted to the Franchisee by the City (the "Franchise Ordinance"); and
WHEREAS, through indirect subsidiaries, Comcast Corporation ("Comcast") and Time
Warner Inc. ("Time Warner") each hold a 50% ownership interest in the Franchisee; and
WHEREAS, pursuant to the terms of a Limited Partnership Agreement entered into by
subsidiaries of Comcast and Time Warner, Comcast will acquire the 50% ownership interest in
the System currently held by Time Warner; and
WHEREAS, to effectuate Comcast's acquisition of the 50% ownership interest in the
System currently held indirectly by Time Warner (1) the Franchisee cable system and franchise
will be assigned to a wholly-owned subsidiary of Franchisee, Houston TKCCP Holdings, LLC,
and (2) immediately thereafter, Comcast TCP Holdings, Inc., will obtain the 100% ownership
interest in Houston TKCCP Holdings, LLC (the "Transaction"); and
VV�IEREAS, pursuant to the Franchise Ordinance, the Transaction is subject to approval
by the City; and
WHEREAS, the City has been provided an FCC Form 394 and related information for
such Transaction; and
WHEREAS, the City has considered and now deems it appropriate to approve the
Transaction; now therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FRIENDSWOOD,
TEXAS:
Section 1. The facts and matters set forth in the preamble of this Resolution are
hereby found to be true and correct, and are incorporated herein by reference.
Section 2. The City hereby authorizes, approves, ratifies, and consents to the
Transaction.
Section 3. This Resolution shall be deemed effective upon adoption.
Section 4. The approval of the Transaction granted hereby is subject to the
assumption of all terms and conditions of the Franchise Ordinance by the Franchisee as
constituted following completion of the Transaction.
PASSED, APPROVED, AND RESOLVED by the City Council this llth day of
September 2006.
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David J. H. Smith
Mayor
ATTEST:
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De oris McKenzie, T C
City Secretary
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