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Home My WebLink AboutRESOLUTION 26-99C0RESOLUTIONNO.26-99WHEREAS,CableSystems,Inc.istheGranteeofaPermitbytheTownofEstesPark,Grantor,toownandoperateacabletelevisionsysteminEstesPark,Colorado,asmorefUllysetforthintheCableTelevisionPermitAgreementdatedJuly27,1993andapprovedbyResolution16-93datedJuly27,1993oftheTownofEstesPark,Colorado(the“PermitAgreement”);andWhEREAS,thestockholderofGranteehasenteredintoaPurchaseAgreement(the“Agreement”)withCharterCommunicationsHoldingCompany,LLC(“Charter”);andWHEREAS,theAgreementprovidesforthesaleofthestockofGranteetoCharter;andWHEREAS,GranteeandCharterfiledanFCCForm394ApplicationforFranchiseAuthorityConsenttoAssignmentorTransferofControlofCableTelevisionFranchisewithGrantoronoraboutJune28,1999;andWHEREAS,Grantorhasdulyconductedathoroughreviewandinvestigationintothelegal,technicalandfinancialqualificationsofChartertoownandoperatethecabletelevisionsysteminlightoftheabove-referencedFCCForm394;andWHEREAS,allwrittencommentsandstaffreportsofGrantorhavebeencollectedandforwardedtoGranteeandCharterbyletterdatedSeptember17,1999andGrantorhasreceivedaresponsetosaidletterfromGrantee,allofwhicharemadepartoftherecord;andWHEREAS,followingreviewandinvestigation,GrantorhasconcludedthatCharterhasestablishedthatitmeetsthelegal,technicalandfinancialcriteriatooperatethecabletelevisionsystemandhassatisfiedallcriteriasetforthinand/orunderallapplicablelocal,stateandfederallaws,rulesandregulations,includingFCCForm394.NOW,THEREFORE,BEITRESOLVEDthatinconsiderationoftheforegoingandthepromisesetforthherein,theGrantorconsentstothetransactionscontemplatedbytheAgreementandfUrtherresolvesasfollows: 00 001.GrantorconsentstothetransfertoCharterofcontrolofthecablesystemservingGrantoreffectiveupontheclosingofthetransactionscontemplatedbytheAgreement;2.Grantorconfirmsthat(a)thePermitAgreementisvalidandoutstandingandinthIlforceandeffect;(b)therehavebeennoamendmentsormodificationstothePermitAgreement,exceptassetforthherein;(c)GranteeismateriallyincompliancewiththeprovisionsothePermitAgreement;and(d)therearenodefaultsunderthePermitAgreement,oreventswhich,withthegivingofnoticeorpassageoftimeorboth,wouldconstituteeventsofdefaultthereunder.3.Chartermay(a)assignortransferitsassets,includingthePermitAgreementprovided,however,thatsuchassignmentortransferistoaparentorsubsidiaryofCharteroranotherentityunderdirectorindirectcontrolofPaulAllen(b)restructuredebtorchangetheownershipinterestsamongexistingequityparticipantsinCharter,andJoritsaffiliates;(c)pledgeorgrantasecurityinteresttoanylender(s)ofCharter’sassets,includingbutnotlimitedtothePermitAgreement,orofinterestsinCharter,forpurposesofsecuringanindebtedness,withoutobtainingpriorconsentofGrantor;(d)sellcapitalstockofCharter,oranyofCharter’saffiliatecompanies,inatransactioncommonlyknownasan“initialpublicoffering”solongasatleastamajorityofthecapitalstockofCharterremainsinthedirectorindirectcontrolofPaulAllen.Adoptedthis/D2dayof&eJ-,,1999.1dayorTownClerkI,VicldeO;Connor,TownClerkoftheTownofEstesPark,Colorado,doherebycerdf’thattheaboveisatruecopyofResolution*z’Qé-79oftheTownofEstesParkonfileinmyofficeaspartoftheofficialrecordsoftheTownofEstesPark,Coloradowhichareinmycustody.cJ%L.VickieO’Connor 00