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RESOLUTION 07-06
00RESOLUTIONNO.7fl6RESOLUTIONOFTHETOWNOFESTESPARK,CoAPPROVINGTHEASSIGNMENTOFTHECABLETELEVISIONFRANCHISEWHEREAS,TheHeliconGroup,L.P.(“Franchisee”)owns,operates,andmaintainsacabletelevisionsystem(“System”)intheTownofEstesPark,Co(the“FranchiseAuthority”)pursuanttoafranchiseagreement(the“Franchise”)betweenFranchiseeandtheFranchiseAuthorityandFranchiseeisthedulyauthorizedholderoftheFranchisegrantedbytheFranchiseAuthority;andVHEREAS,OrangeBroadbandOperatingCompany,LLC,aDelawarelimitedliabilitycompany.doingbusinessasOrangeBroadband(“Buyer”)hasenteredintoanAssetPurchaseAgreementwithFranchisee(the“Agreement”),pursuanttowhichtheSystemandtheFranchisewillbetransferred(the“Transfer”)toBuyer;andWHEREAS,FranchiseehasrequestedthatthetermoftheFranchisebeextendedforaperiodoffortyeight(48)monthsfromthecurrentexpirationdateoftheFranchise,July27,2008;andWHEREAS,FranchiseeandBuyerhaverequestedthattheFranchisingAuthoritywaiveanyrightoffirstrefusalorotherrighttoacquiretheSystemthatitmayhaveundertheFranchiseinconnectionwiththeTransfer;andWHEREAS,FranchiseeandBuyerhaverequestedthattheFranchiseAuthorityconsenttotheTransferinaccordancewiththerequirementsoftheFranchisetotheextentthatsuchconsentisrequiredandhavefiledanFCCForm394withtheFranchiseAuthority,andhaveprovidedallinformationrequiredbyapplicablelaw(collectively,the“TransferApplication”);andWHEREAS.FranchiseehasprovidedinformationincompliancewithSection18oftheFranchise;andWHEREAS,BuyerhasagreedtoprovideareportregardingcustomerserviceafterBuyerhasoperatedtheSystemfor18monthsinlieuofthereportrequiredunderSection30oftheFranchise;andWHEREAS,Buyerhasagreedtoprovidecertaingovernmentprogrammingsupport;andWHEREAS,theFranchiseAuthorityhasreviewedtheTransferApplication,examinedthelegal,technical,andfinancialqualificationsofBuyerandfindsittobeasuitabletransferee.NOVTHEREFORE,BEITRESOLVEDBYTHEFRANCHISEAUTHORITYASFOLLOWS:SECTION1.TheFranchiseAuthorityherebywaivesanyrightoffirstrefusalregardingthesaleoftheSystemandtheTransferandconsentstotheTransfer,totheextentrequiredbythetermsoftheFranchiseandapplicablelaw. 00SECTION2.TheFranchiseAuthorityconfirmsthat(a)theFranchiseisvalidlyexistingandiscurrentlyinthUforceandeffectandtheFranchiseeisthedulyauthorizedholderoftheFranchise;(b)theFranchiseehasproperlyinvokeditsfranchiserenewalrightsunderSection626oftheCableCommunicationsPolicyActof1984,asamended;(c)theFranchiserepresentstheentireunderstandingofthepartiesandtheFranchiseehasnoobligationstotheFranchiseAuthorityotherthanthosespecificallystatedintheFranchise;and(d)theFranchiseeismateriallyincompliancewiththeprovisionsoftheFranchiseandapplicabielawandthereexistsnofactorcircumstanceknowntotheFranchiseAuthoritywhichconstitutesorwhich,withthepassageoftimeorthegivingofnoticeorboth,wouldconstituteamaterialdefaultorbreachundertheFranchiseorapplicablelaworwouldallowtheFranchiseAuthoritytocancelorterminatetheFranchisee’srightsthereunder.SECTION3.TheFranchiseAuthorityherebyconsentstoandapprovestheassignment,mortgage,pledgeorotherencumbrance,ifany,oftheFranchise,Systemorassetsrelatingthereto,oroftheinterestsinthepermittedholderthereof,ascollateralforaloan.SECTION4.TheFranchiseAuthorityherebyextendsthetermoftheFranchiseforaperiodoffortyeight(48)monthswithanewexpirationdateofJuly27,2012.SECTION5.AfterBuyerhasoperatedtheSystemfor18months,BuyershallprovidetheFranchiseAuthorityareportregardingcustomersatisfaction.Thereportshalladdress:(i)theproductsandservicesofferedontheSystem;and(ii)customerservice.BuyermaypreparethereportfromavailableinformationandindicesofcustomersatisfactionasreasonablydeterminedbyBuyer.Buyershalldeliverthereportnolaterthantheendof20monthsaftertheclosingofthetransactioncontemplatedherein.UponFranchiseAuthority’srequest,Buyershallmakearepresentativeavailabletoreviewanddiscussthereport.ThisreportshallbeinlieuofthereportrequiredbySection30oftheFranchise.NothinghereinshallrequireBuyertoprovideconfidentialcommercialdataasthattermisdefinedinColoradolaw.SECTION6.Buyerherebyagreesthateffectiveupontheclosingdateofthetransactioncontemplatedherein,Buyer,atitscost,shallprovideanemployeeorcontractwithathirdpartyinitssolediscretiontocablecasttheTownBoardmeetingsandPlanningCommissionmeetingseachmonth(twoTownBoardmeetingsthe2ncand4tITuesdayofeachmonthandonePlanningCommissionmeetingonthe3”Tuesdayofeachmonth).Buyer’sobligationsunderthisSectionshallbelimitedtoanaverageof5hoursofsuchgovernmentprogrammingpermonthmeasuredoveracalendaryear.SECTION7.ThisResolutionshallbedeemedeffectiveforpurposeoftheTransferimmediatelypriortothedatethatthecontemplatedtransactionbetweenFranchiseeandBuyeractuallycloses(the“ClosingDate”).SECTION8.TheFranchiseAuthorityreleasestheFranchisee,effectiveupontheClosingDate,fromallobligationsandliabilitiesundertheFranchiseandapplicablelawthataccrueonandaftertheClosingDate;providedthatBuyershallberesponsibleforanyobligationsandliabilitiesundertheFranchiseandapplicablelawthataccrueonandaftertheClosingDate.7 00SECTION9.ThisResolutionshallhavetheforceofacontinuingagreementwiththeFranchiseeandBuyer,andtheFranchiseAuthorityshallnotamendorotherwisealterthisResolutionwithouttheconsentofFranchiseeandBuyer.PASSED,ADOPTEDANDAPPROVEDthis,3tDdayof,2006.TOWNOFESTESPARK,COBy:Pa4C-Name6”-e’op€eTitle:3 0•0