Loading...
HomeMy WebLinkAboutRES 041106-O - Cable TV Cox to CebridgeRESOLUTION NO. 011//04' -O A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS CONSENTING TO THE ASSIGNMENT OF THE CABLE TELEVISION FRANCHISE FROM COX SOUTHWEST HOLDINGS, L.P. TO CEBRIDGE ACQUISITION, L.P., SUBJECT TO THE TERMS OF THE ACCEPTANCE AGREEMENT ATTACHED HERETO; AUTHORIZING CERTAIN ACTIONS TO BE TAKEN CONSISTENT WITH THIS RESOLUTION AND THE TERMS OF THE ACCEPTANCE AGREEMENT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, Cox Southwest Holdings, L.P. ("Cox" or "Franchisee") owns, operates, and maintains a cable television system ("System") serving the City of Georgetown, Texas ("City") pursuant to a cable franchise ordinance originally granted to Williamson County Cablevision Company on January 12, 1988 by Ordinance No. 880012.23.03; the term of which was extended to February 11, 2013 by Ordinance No. 98-39; and which was subsequently transferred to Cox Southwest Holdings, L.P. d/b/a Cox Communications (the "Franchise"); and WHEREAS, Cox and other entities controlled by Cox Communications, Inc have entered into an Asset Purchase Agreement dated October 31, 2005 (the "Agreement") with Cebridge Acquisition Co. LLC in which, among other things, Cox proposes to sell and assign to Cebridge Acquisition Co. LLC certain of the assets, including the Franchise, used by Cox in the operation of the System (the "Transaction"); and WHEREAS, Cebridge Acquisition Co. LLC will assign, among other things, its right to acquire the Franchise and System under the Agreement to Cebridge Acquisition, L.P. ("Cebridge") prior to the closing of the Transaction; and WHEREAS, Cox and Cebridge have requested the consent of the City to the assignment of the Franchise to Cebridge in accordance with the requirements of the Franchise and applicable law and have filed with the City a franchise assignment application on FCC Form 394 that includes information conceming the Transaction and the legal, technical and financial qualifications of Cebridge (collectively, the "Application"); and WHEREAS, under Federal law, 47 U.S.C. § 537, the City must act within 120 days of receipt of a complete application for assignment or else the assignment is automatically deemed to be approved and the City loses some rights, and Cox and Cebridge contend that such deadline is by 11:59 p.m., April 13, 2006; and WHEREAS, Cox and Cebridge have provided additional information and documents relating to the proposed assignment; met with the City to discuss the preceding and the resolution of other cable related matters; and have provided a signed Acceptance Agreement ("Acceptance Agreement") offering and agreeing to certain terms related to Resolution No. OS/ //Olp-O Consent to Assignment of Cable TV Franchise from Cox to Cebridge, with Acceptance Agreement Page 1 of 3 the assignment and such matters, so long as the City Council adopts a resolution consenting to the assignment on or before 11:59 PM on April 13, 2006; and WHEREAS, the City Council finds that an emergency exists in the passage of this Resolution, and the notice provisions of Section 14.12.130 of the City Code of Ordinances pertaining to notice required to be given by the Franchisee impede the ability of the parties to effectuate a transfer in a timely manner; and WHEREAS, relying on all the preceding the City finds that it is in the public interest of the City and its residents to consent to the assignment on the terms set forth in the Acceptance Agreement, and separately to consider an ordinance amending the Franchise in accordance with certain terms of such Acceptance Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS THAT• SECTION 1. The City Council hereby declares that an emergency exists in the passage of this Resolution and that the notice requirements applicable to Cox in Section 14.12.130 of the City Code of Ordinances are hereby waived. SECTION 2: The City Council hereby approves, subject to the terms and conditions of the Acceptance Agreement attached hereto as "Exhibit A", the assignment of the Franchise by Cox to Cebridge. The terms and conditions of the Acceptance Agreement are incorporated herein by reference as if set forth in full. SECTION 3. The City Council's approval of the assignment of the Franchise by Cox to Cebridge shall be final and effective immediately. SECTION 4. The Mayor is hereby authorized and directed to immediately sign the Acceptance Agreement, City staff is directed to return a fully signed copy of the Acceptance Agreement to Cox and Cebridge, and the City Manager, City Attorney, Special Counsel and City Staff are hereby authorized and directed to take such actions as may be necessary and proper to effectuate and implement such Acceptance Agreement. SECTION 5: The Mayor is hereby authorized to execute, and the City Secretary to attest, this Resolution on behalf of the City of Georgetown. RESOLVED this 1 lth day of April 2006. APPROVED: ATTEST: 2 Sandra D. Lee City Secretary Resolution No. 04 //O /a " 0 Consent to Assignment of Cable TV Franchise from Cox to Cebridge, with Acceptance Agreement Page 2 of 3 APPROVED AS TO FORM: Patricia E. Carls, City Attorney CERTIFICATION I, the undersigned, being the duly appointed, qualified and acting City Secretary of the City of 9eorgetown, Texas hereby certify that the foregoing Resolution No. D //tEe - 0 is a true, correct and accurate copy as duly and lawfully passed and adopted by the governing body of the City of Georgetown, Texas on the % /M day of April, 2006. andra D. Lee City Secretary City of Georgetown, Texas #1242045_1 Resolution No. 04///06'O Consent to Assignment of Cable TV Franchise from Cox to Cebridge, with Acceptance Agreement Page 3 of 3 ACCEPTANCE AGREEMENT TERMS AND CONDITIONS TO AN ASSIGNMENT OF A CABLE FRANCHISE This Acceptance Agreement ("the Agreement") is by and among Cox Southwest Holdings, L.P. ("Cox"), Cebridge Acquisition, L.P. ("Cebridge") and the City of Georgetown, Texas ("City). WHEREAS, Cox is currently the franchisee under a Cable Franchise Agreement which was originally granted to Williamson County Cablevision Company on January 12, 1988 by Ordinance No. 880012.23.03; the term of which was extended to February 11, 2013 by Ordinance No. 98-39; and which was which was subsequently transferred to Cox Southwest Holdings, L.P. d/b/a Cox Communications (the "Franchise"), and now codified in Chapter 14.12 of the City of Georgetown Code of Ordinances (the "City Code"); and WHEREAS, Cox has proposed to assign the Franchise to Cebridge ("Assignment") on the closing date provided in the Asset Purchase Agreement dated October 31, 2005 between Cox and Cebridge ("Closing Date"), and Cox and Cebridge have requested the City's consent to the Assignment; and WHEREAS, the City has agreed to consent to the Assignment subject to the parties entering into this Agreement. NOW THEREFORE, in consideration of the mutual promises made herein, and other good and valuable consideration as provided herein, the receipt and adequacy of which are hereby acknowledged, Cebridge, Cox and the City do hereby agree as follows: 1. Franchise Binding. A. Cebridge hereby acknowledges that the transactions and actions ("Transactions") taken pursuant to the Asset Purchase Agreement dated October 31, 2005 by and among Cox, Cebridge, and their parents and affiliates ("APA"): i) do not affect the binding nature of the Franchise and the obligations of the franchisee as stated therein, except as otherwise provided herein; and ii) do not constitute a waiver or release of any rights or powers of the City, except as otherwise provided herein. Cebridge hereby accepts all the terms of this Agreement and also hereby accepts and agrees to the City by ordinance amending and adding to the Franchise as set forth herein. 2. Reliance. Cebridge acknowledges that the City has consented to the Assignment in reliance upon the written representations, documents and information provided to it by Cebridge and Cox, all of which are incorporated herein by reference. 3. Access to Records. Cebridge agrees to and hereby accepts the City by ordinance amending Article III, Section 1 of the Franchise (codified as Section 14.12.270 of the City Code), such that after the amendment it shall read as follows: "SECTION 1 — RECORDS REPORTS AND INVESTIGATIONS The Company shall keep complete and accurate books of accounts and records of its business and operations under and in connection with this chapter. All such books and records shall be consistent with generally accepted accounting practices and shall be made available to the City's officials, employees and agents at the Company's principal office in Georgetown, Texas All records relating to the Cable System's operations in the City which the City is entitled to inspect under the Franchise or other applicable law shall continue to be maintained and subject to inspection in the Georgetown office if they were maintained there as of April 1, 2006. Relevant financial records shall be made available to the City at the Georgetown office upon reasonable request." Validity of Franchise. Cebridge accepts the Franchise and this Agreement in their entirety and agrees that as of the date it signs that they are lawful and enforceable. Cebndge is not aware of any provision of the Franchise or this Agre ment that is unlawful or unenforceable; provided, however, that Cebridge does not relinquish any legal rights it may have to challenge the legality of any provision. 5. Franchise Fees. A. For all time periods from and after the closing of the Assignment, Cebridge shall compute the franchise fees it pays to the City accurately and in accordance with the Franchise, as amended by Section 6 below. B. For the time period up to the Closing Date (as defined herein), Cox shall compute franchise fees using the same computation as used in the remittance to the City dated December 20, 2005. 6. Gross Receipts. Cebridge agrees to and hereby accepts the City by ordinance amending Article I, Section 3 of the Franchise (codified in Section 14.12.030.A. under the term "Gross Receipts"), such that after the amendment the definition of "Gross Receipts shall read as follows: "k. 'Gross Receipts' shall mean any and all revenue realized directly or indirectly by the Company, its affiliates, 2 subsidiaries, and parent, from or on in direct connection with the operation of a Cable System in the City pursuant to this chapter, including, and limited to, Basic Service fees and Optional Service fees. Effective January 1, 2007, the term 'Gross Receipts' shall also include franchise fees received by the Company. 'Gross Receipts' shall not include any of the items set forth in Section 622(g)(2) of the Act, and shall also exclude leased channel access fees, converter sales, converter rentals, remote rentals, late charges, installation charges and rebates received for carrying or providing programs to subscribers being serviced pursuant to this Franchise, and advertising revenue. Optional Services as used herein shall include optional services currently offered to subscribers and those which may be offered in the future. " 7. No Deterioration in Service. Cebridge agrees to and hereby accepts the City by ordinance amending the Franchise to add Article II, Section 11 (to be codified as Section 14.12.261 of the City Code), such that after the amendment it shall read as follows: "Sec. 14.12.261. NO DETERIORATION IN SERVICE A. For purposes of this Section 14.12.261, "Cox" shall mean Cox Southwest Holdings, L.P., which was the Franchisee until mid-2006, and "Cebridge" shall mean Cebridge Acquisition, L.P., which became Franchisee upon City's approval of assignment from Cox. B. Cebridge shall maintain at least the current level of customer service provided by Cox in the City. C. Cebridge shall comply with the customer service standards of the Federal Communications Commission ("FCC") as set forth at 47 CFR Part 76 ("FCC Rules"), including §§ 76.309, 76.1602, 76.1603, 76.1618 & 76.1619. D. For three years after the assignment to it of the Franchise, Cebridge will maintain sufficient staffing levels for the personnel in the local office(s), technicians, field service personnel and telephone customer service representatives serving the City and its residents to maintain at least the level of service currently provided by Cox. E Recognizing that Cebridge has no current plans to change existing operations, Cebridge shall maintain the current local office(s) in its/their present location(s) and the current hours of operation for at least one year after the assignment 3 to it of the Franchise, unless otherwise agreed with the City in writing. Furthermore, for the remainder of the term of the Franchise, Cebridge will maintain a local office within twenty (20) miles of Georgetown City Hall. F. Cebridge agrees that records relating to the System's operations that were maintained locally as of January 1, 2006 will continue to be kept locally. G. The City may audit Cebridge (and any entity providing customer service functions on behalf of the franchisee) to verify the accuracy of the reports required under this Section 14.12.261. All records reasonably necessary to conduct the audit shall be made available in Georgetown. Cebridge will comply with all enforcement provisions in the Franchise, including, without limitation, those pertaining to audits in Section 14.12.060." 8. Emergency Alert System. Cebridge agrees to and hereby accepts the City by ordinance amending Article II of the Franchise to add Section 14 (to be codified as Section 14.12.264 of the City Code), such that after the amendment it shall read as follows: "SECTION 14.12.264 — EMERGENCY ALERT SYSTEM Company shall provide, without charge to the City, a local emergency alert system consisting of an all -channel alert system so as to allow audio announcements and video text crawls by City on all subscriber channels, except for such local broadcast channels as are subject to non -override agreements. The audio announcements shall automatically override (i.e., blank) all programming otherwise being provided on such channels and the video text crawl shall be superimposed on existing programming. City may use either the audio announcement or the video text crawl, at its option. City's use of such system shall be in accordance with the City code, ordinances, and policies for same." 9. Service to Municipal Buildings. Cebridge agrees to and hereby accepts the City by ordinance amending Article II of the Franchise to add Section 12 (to be codified as Section 14.12.262 of the City Code), and by adding Attachment A, such that after the amendment they shall read as follows: "SECTION 12 — SERVICE TO MUNICIPAL AND SCHOOL BUILDINGS For municipal buildings and school buildings that are receiving free basic cable service as of April 1, 2006 (see Exhibit A), Company shall continue to provide that service and in addition 4 will provide free expanded basic service as well. City and schools may each extend such free service to up to 10 additional rooms/outlets in each of such buildings. City and schools shall pay the cost of installing such extensions but shall not be charged a monthly fee for such additional extensions of free service." "EXHIBIT A City Hall 113 E. 8th Georgetown, Texas 78626 Police Dept. 809 MLK Georgetown, Texas 78626 Park Administration 1101 N College Georgetown, Texas 78626 Recreation Center 1101 N Austin Ave. Georgetown, Texas 78626 Tennis Center 400 Serenada Drive Georgetown, Texas 78628 Library 808 MLK Georgetown, Texas 78626 Fire Station #1 103 W. 9th Georgetown, Texas 78626 Fire Station #2 204 Central Georgetown, Texas 78628 Fire Station #3 5 Texas Drive Georgetown, Texas 78628 Fire Station #4 4200 Airport Road Georgetown, Texas 78628" 10. Undergrounding. Cebridge agrees to and hereby accepts the City by ordinance amending Article II of the Franchise to add Section 4 e. (to be codified as Section 14.12.200 E of the City Code), such that after the amendment it shall read as follows: "e. Wherever all existing utilities lines are placed underground after June 1, 2006, Company shall place its cable, wires and other equipment underground. If City in the future so requires, for all or any portion of the City, that the utilities in such area place their lines underground, then Company shall, in accordance with the construction schedule set by City, place its existing and its future cable, wires, or other equipment in such area underground without charge, expense or liability to City." 11. Pole Attachments. Cebridge agrees to and hereby accepts the City by ordinance amending Article II of the Franchise to add Section 4 f. (to be codified as Section 14.12.200.F. of the City Code), such that after the amendment it shall read as follows: "f. Company shall pay for pole attachments to the City's poles at a rate of fifteen dollars ($15.00) per year per pole, effective January 1, 2007. This rate shall be effective for two years, until January 1, 2009, at which time the State pole attachment fee formula shall apply." 12. Rebuild Updates. Cebridge agrees to and hereby accepts the City by ordinance amending Article III of the Franchise to add Section 4 (to be codified as Section 14.12.291. of the City Code), such that after the amendment it shall read as follows: "SECTION 14.12.291 — REBUILD PROGRESS UPDATES Company shall provide regular updates to the City Manager's office concerning the status of rebuilds of the Cable System serving the City." 13. Government Channel Placement. Cebridge agrees to and hereby accepts the City by ordinance amending Article II of the Franchise to add Section 13 (to be codified as Section 14.12.263 of the City Code), such that after the amendment it shall read as follows: "SECTION 14.12.263 — ACCESS CHANNELS Company agrees to continue providing government channel 10 and the Sun City public access channel in the same manner as they are being provided as of April 1, 2006, which in general is that the Sun City public access channel is provided only in Sun City and the government channel is provided on Channel 10 with 6 programming from the City by tapes or similar media delivered to Company." 14. JReservedl. 15. Cox Settlement and Release. A. Without any admission of any liability and solely to resolve any and all matters with the City, Cox shall pay to the City the amount of $20,000.00 ("Cox Settlement Payment") to settle completely any and all claims and/or causes of action, asserted and unasserted, City has or may have against Cox and/or any Cox affiliate relating to cable system operations and pole attachments in the City for any time periods up to and including the closing date of the transaction between Cox and Cebridge contemplated by the APA ("Closing Date"). Cox shall make the Cox Settlement Payment to the City within ten (10) business days after the Closing Date. B. The Cox Settlement Payment shall not be passed through to subscribers. C. Upon receipt by the City of the Cox Settlement Payment, the City waives and releases any and all claims and/or causes of action, asserted or unasserted, it has or may have against Cox and/or any Cox affiliate relating to cable system operations or pole attachments in the City for any time periods up to and including the Closing Date; provided, however, that any Cox obligation to indemnify the City under the Franchise for certain third party claims against the City shall survive and is not waived or released pursuant to this Agreement, provided such third party claims are unknown to the City as of the Closing Date and are asserted by the third party after the Closing Date. D. Cox waives and releases any and all claims and/or causes of action, asserted or unasserted, it has or may have against the City relating to time periods up to and including the Closing Date. E Cox and the City shall execute any additional documentation either party may reasonably require in order to implement the intent of this Section 15. 16. Transaction Costs. Cox and/or Cebridge shall pay to the City documented costs for audit and legal services related to the franchise fee audits and franchise assignment proceedings up to a total amount not to exceed $30,000. Such payment shall be made to the City within thirty (30) days of receipt by Cox and Cebridge of reasonable and appropriate documentation from the City reflecting any audit and legal services related to the franchise fee audits and franchise assignment proceedings. 7 17. Conflicting Terms In the event of any conflict between the terms of this Agreement and the Franchise, this Agreement shall prevail, to the extent allowed by law. 18. City Resolution. The City shall approve a Resolution no later than 11:59 p.m. on April 13, 2006 in a form materially and substantially similar to the resolution attached hereto as Exhibit 1 ("Resolution") approving and consenting to the Assignment of the Franchise from Cox to Cebridge. 19: Conditional Terms. With the exception of Section 16 above, the obligations of Cox and Cebndge under this Agreement and the City's consent to the Assignment become effective upon (a) the approval by the City of the Resolution not later than 11:59 p.m. on April 13, 2006 and (b) the Closing Date of the transactions contemplated by the APA, provided that the Closing Date shall occur on or before September 1, 2006. The obligations of Cox and Cebridge with regard to Section 16 become effective upon the approval by the City of a resolution similar to the attached not later than 11:59 p.m. on April 13, 2006. 20. Limitation on Cebridge Liabilities and Obligations. Cebridge shall be responsible only for obligations and liabilities under the Franchise that accrue on and after the Closing Date. 21. Notification. Within thirty (30) days of the Closing Date, Cebridge shall notify the City in writing of the date on which the closing occurred by written notice to the City Secretary, at P.O. Box 409, Georgetown, Texas 78627 with a copies to Patricia Carls, City Attorney at Brown & Carls, LLP, 106 East Sixth Street, Suite 550, Austin, TX 78701, and John W Pestle of Varnum, Riddering, Schmidt & Howlett LLP, 333 Bridge Street, NW, Suite 1700, Grand Rapids, Michigan 49504. 22. Confidential Agreement. The terms and conditions of this Agreement and any related documents shall be held confidential to the fullest extent allowed by law through the Closing Date. 23. Further Action. The parties hereto will take such further actions and execute such additional documents as may be necessary and proper to effectuate and Implement this Agreement. Cebridge will accept upon final passage such Ordinances that may be necessary to effect its rights and obligations under the terms of this Agreement. 24. Limitation as to Cox. Cox shall be exclusively responsible for performing the obligations contained in Section 15 of this Agreement. Cox and Cebridge shall be Jointly responsible for perfonning the obligations contained in Section 16 of this Agreement. Cox shall be responsible for performing the obligations contained in Section 5 B. of this Agre ment. Cox shall have no other obligations to the City under this Agreement. 8 25. Representations. Each party executing this Agreement hereby confirms and represents to the other parties that: i) it has taken all necessary actions and followed all required procedures to authorize and execute this Agreement, and ii) the representative executing this Agreement on behalf of such party has all necessary authority to execute this Agreement on behalf of such party. 26. Counterparts. This Agreement may be signed in counterparts with individual signatures on separate pages and the pages then assembled to form a complete document, and upon all parties signing the Agreement, it shall be final and binding upon all the parties. IN WITNESS WHEREOF this Agreement shall be deemed executed as of the date that the City executes this Agreement. CEBRIDGE, IT ON, L.P. By (Name): Signature: Title: Date: April 1L, 2006 COX SOUTHWEST HOLDINGS, L.P. By (Name): Signature: Title: Date: April _, 2006 CITY OF GEORGETOWN, TEXAS By (Name): Signature: C Title: Date: ApnT/, 2006 9 25. Representations. Each party executing this Agreement hereby confirms and represents to the other parties that: i) it has taken all necessary actions and followed all required procedures to authorize and execute this Agreement; and ii) the representative executing this Agreement on behalf of such party has all necessary authority to execute this Agreement on behalf of such party. 26. Counterparts. This Agreement may be signed in counterparts with individual signatures on separate pages and the pages then assembled to form a complete document, and upon all parties signing the Agreement, it shall be final and binding upon all the parties. IN WITNESS WHEREOF this Agreement shall be deemed executed as of the date that the City executes this Agreement. CEBRIDGE ACQUISITION, L.P. By (Name): Signature: Title: Date: April _, 2006 COX SOUTHWEST HOLDINGS, L.P. By (Name): Ja I* r P. se a, Signature: U L i d yt n ✓ Title: V'rCc.. eree,t y, F- Date: April :f 2006 CITY OF GEORGETOWN, TEXAS Signature: Title: Date: 9 April //, 2006 EXHIBIT 1 RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS CONSENTING TO THE ASSIGNMENT OF THE CABLE TELEVISION FRANCHISE FROM COX SOUTHWEST HOLDINGS, L.P. TO CEBRIDGE ACQUISITION, L.P., SUBJECT TO THE TERMS OF THE ACCEPTANCE AGREEMENT ATTACHED HERETO; AUTHORIZING CERTAIN ACTIONS TO BE TAKEN CONSISTENT WITH THIS RESOLUTION AND THE TERMS OF THE ACCEPTANCE AGREEMENT; AND PROVIDING AN EFFECTIVE DATE WHEREAS, Cox Southwest Holdings, L P ("Cox" or "Franchisee")owns, operates, and maintains a cable television system ("System") serving the City of Georgetown, Texas ("City") pursuant to a cable franchise ordinance originally granted to Williamson County Cablevision Company on January 12, 1988 by Ordinance No. 880012.23.03; the term of which was extended to February 11, 2013 by Ordinance No. 98-39; and which was subsequently transferred to Cox Southwest Holdings, L.P. d/b/a Cox Communications (the "Franchise"); and WHEREAS, Cox and other entities controlled by Cox Communications, Inc. have entered into an Asset Purchase Agreement dated October 31, 2005 (the "Agreement") with Cebridge Acquisition Co LLC in which, among other things, Cox proposes to sell and assign to Cebridge Acquisition Co. LLC certain of the assets, including the Franchise, used by Cox in the operation of the System (the "Transaction"); and WHEREAS, Cebridge Acquisition Co. LLC will assign, among other things, its right to acquire the Franchise and System under the Agreement to Cebridge Acquisition, L.P. ("Cebridge") prior to the closing of the Transaction, and WHEREAS, Cox and Cebridge have requested the consent of the City to the assignment of the Franchise to Cebridge in accordance with the requirements of the Franchise and applicable law and have filed with the City a franchise assignment application on FCC Form 394 that includes information concerning the Transaction and the legal, technical and financial qualifications of Cebridge (collectively, the "Application"); and WHEREAS, under Federal law, 47 U.S.C. § 537, the City must act within 120 days of receipt of a complete application for assignment or else the assignment is automatically deemed to be approved and the City loses some rights, and Cox and Cebridge contend that such deadline is by 11:59 p.m., April 13, 2006; and WHEREAS, Cox and Cebridge have provided additional information and documents relating to the proposed assignment; met with the City to discuss the preceding and the resolution of other cable related matters; and have provided a signed Acceptance 10 Agreement ("Acceptance Agreement") offering and agreeing to certain terms related to the assignment and such matters, so long as the City Council adopts a resolution consenting to the assignment on or before 11:59 PM on April 13, 2006; and WHEREAS, the City Council finds that an emergency exists in the passage of this Resolution, and the notice provisions of Section 14.12.130 of the City Code of Ordinances pertaining to notice required to be given by the Franchisee impede the ability of the parties to effectuate a transfer in a timely manner, and WHEREAS, relying on all the preceding the City finds that it is in the public interest of the City and its residents to consent to the assignment on the terms set forth in the Acceptance Agr went, and separately to consider an ordinance amending the Franchise in accordance with certain terms of such Acceptance Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS THAT* SECTION 1. The City Council hereby declares that an emergency exists in the passage of this Resolution and that the notice requirements applicable to Cox in Section 14.12.130 of the City Code of Ordinances are hereby waived. SECTION 2: The City Council hereby approves, subject to the terms and conditions of the Acceptance Agreement attached hereto as "Exhibit A", the assignment of the Franchise by Cox to Cebridge. The terms and conditions of the Acceptance Agreement are incorporated herein by reference as if set forth in full. SECTION 3. The City Council's approval of the assignment of the Franchise by Cox to Cebridge shall be final and effective immediately. SECTION 4. The Mayor is hereby authorized and directed to immediately sign the Acceptance Agreement, City staff is directed to return a fully signed copy of the Acceptance Agreement to Cox and Cebridge, and the City Manager, City Attorney, Special Counsel and City Staff are hereby authorized and directed to take such actions as may be necessary and proper to effectuate and implement such Acceptance Agreement. SECTION 5: The Mayor is hereby authorized to execute, and the City Secretary to attest, this Resolution on behalf of the City of Georgetown. RESOLVED this AP :P OVE day of April 2006. ATTEST: Gary Ion Sandra D. Lee Mayo City Secretary 11 APPROVED AS TO FORM: Patricia E. Carls, City Attorney CERTIFICATION I, the undersigned, being the duly appointed, qualified and acting City Secretary of the City of Georgetown, Texas hereby certify that the foregoing Resolution No. is a true, correct and accurate copy as duly and lawfully passed and adopted by the governing body of the City of Georgetown, Texas on the day of April, 2006. Sandra D. Lee City Secretary City of Georgetown, Texas #1242064 1 12