Title
A Resolution consenting to the transfer of control of Insight Ky. Partner II, L.P., from Time Warner Cable Inc. to Charter Communications, Inc. and authorizing the Mayor to execute a Settlement Agreement with Time Warner Cable Midwest LLC and an Assumption Agreement with Charter Communications, Inc. [Dept. of General Services, Reed]
Summary
Authorization to execute a Settlement Agreement and an Assumption Agreement with Charter Communications who is acquiring the Lexington Cable Franchise operations from Time Warner Cable. These two separate agreements facilitate the transfer of the franchise. There is no cost for the franchise agreement. The LFUCG shall receive revenue for the franchise. (L1224-15)(Reed)
Budgetary Implications: Yes
Advance Document Review: Department of Law (David Barberie)
Fully Budgeted: NA
Account Number: 1101-011001-0001-40190
This Fiscal Year Impact: $250,000 (Revenue)
Annual Impact: NA
Project:
Activity: Change Order
Budget Reference:
Current Balance:
Body
WHEREAS, Insight Kentucky Partners II, L.P. ("Franchisee") is lawfully operating a cable television system in the Lexington-Fayette Urban County Government ("Lexington") under a franchise created by Ordinance No. 152-2014 (the "Franchise"); and
WHEREAS, on May 23, 2015, Charter Communications, Inc. ("Charter Communications") along with its subsidiary CCH I, LLC ("New Charter") entered into agreements with Time Warner Cable Inc. ("TWC") (the ultimate parent company of Franchisee), Advance/Newhouse Partnership ("A/N"), and Liberty Broadband Corporation ("Liberty") in order to merge with TWC, the ultimate parent of the Franchisee (the "Transaction"); and
WHEREAS, TWC will merge into a subsidiary of New Charter; and
WHEREAS, Charter Communications will merge with a subsidiary of New Charter, and New Charter will assume the name Charter Communications, Inc. ("Charter"); and
WHEREAS, Charter filed an FCC Form 394 with Lexington with respect ther...
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