Title
A Resolution approving a transfer of control of Insight Communications Co.,Inc. to Time Warner Cable, Inc., and authorizing the Mayor to sign the related Agreement. [Chief Administrative Officer, Moloney]
Summary
Authorization to approve a Transfer of Control Agreement with Time Warner Cable who is acquiring Insight Communications. (L483-11) (Moloney)
This is a request to approve a Transfer of Control Agreement with Time Warner Cable who is acquiring Insight Communications. Linda Ain has been retained to assist in reviewing whether Insight is in compliance with the terms of its franchise agreement and whether Time Warner is capable of adequately providing cable service.
Budgetary Implications: Yes/NO
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes/No/Partial
Account Number:
This Fiscal Year Impact: $
Annual Impact: $ N/A
Project:
Activity:
Budget Reference:
Current Balance: N/A
Body
WHEREAS, Ordinance No. 163-92 creates a fifteen (15) year franchise for a cable television system within the confines of the Lexington-Fayette Urban County Government; and
WHEREAS, Ordinance No. 164-92 accepts the proposal of Telecable of Lexington, Inc. for a renewal of fifteen (15) year franchise for a cable television system pursuant to Ordinance No. 163-92; and
WHEREAS, Ordinance No. 163-92 has been amended from time to time (Ordinance No.s 206-93, 183-95, 48-2000, 287-2002, 789-2002, 315-2004 and 301-2007 and Resolution No.’s 532-94, 108-98 and 483-99) to now be collectively known as the “Cable Franchise Agreement”; and
WHEREAS, Resolution No. 532-94 approved the transfer of control from Telecable of Lexington, Inc. to TCI Communications and its parent corporation, Tele-Communications, Inc.; and
WHEREAS, Resolution No. 108-98 approved the transfer of control from TCI Communications to InterMedia Partners of Kentucky, L.P.; and
WHEREAS, Resolution No. 483-99 approved the transfer of control from InterMedia Partners of Kentucky, L....
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