O-286-M• •
CITY OF CLERMONT
MISCELLANEOUS ORDINANCE
NO. 286-M
AN ORDINANCE OF THE CODE OF ORDINANCES OF THE
CITY OF CLERMONT, LAKE COUNTY, FLORIDA, GRANTING
THE CONSENT TO THE TRANSFER OF CONTROL OF
CABLEVISION INDUSTRIES OF CENTRAL FLORIDA, INC.
AND ITS CABLE TELEVISION SYSTEM FROM CABLEVISION
INDUSTRIES CORPORATION ("CIC") TO TIME WARNER INC.
("TWI"), REPEALING ALL ORDINANCES IN CONFLICT
HEREWITH, PROVIDING FOR SEVERABILITY, PROVIDING
FOR AN EFFECTIVE DATE, AND PROVIDING FOR
PUBLICATION.
THE CITY COUNCIL OF THE CITY OF CLERMONT, LAKE COUNTY,
FLORIDA, HEREBY ORDAINS THAT:
WHEREAS, Cablevision Industries of Central Florida, Inc. ("Cablevision") has
the right to install, construct, own, operate and maintain a cable television system (the
"System") within the City of Clermont, Florida pursuant to a cable television franchise
issued pursuant to Ordinance No. 160-M, amended by Ordinance No. 285-M (the
"Franchise"); and
WHEREAS, Cablevision is currently controlled by CIC and CIC's principal
shareholder, Mr. Alan Gerry, an individual residing in Liberty, New York ("Principal
Shareholder"); and
WHEREAS, TWI and CIC and the Principal Shareholder have entered into an
Agreement and Plan of Merger in which a wholly owned subsidiary of TWI will
merge with and into CIC and, upon completion of the transaction, CIC will become a
subsidiary of TWI, and TWI will then control Cablevision and System (the
"Transfer"); all as set forth in the Agreement and the Supplemental Agreement, each
dated February 6, 1995; and
WHEREAS, TWI, CIC and Cablevision have jointly submitted to the City
Council of the City of Clermont, Florida an application on Federal Communications
Commission ("FCC") Form 394 for consent to the Transfer and have submitted such
other information concerning the Transfer as required by the Franchise and applicable
law and as reasonably requested by the City of Clermont, Florida, (collectively the
"Transfer Application"); and
CITYOF CLERMONT
MISCELLANEOUS ORDINANCE
NO. 286-M
Page 2
WHEREAS, the City Council has determined that it is in the best interest of the
City of Clermont, Florida and its residents to approve the Transfer Application and
the Transfer; and
NOW THEREFORE BE IT RESOLVED by the City Council of the City of
Clermont, Florida as follows:
ection 1. The City Council hereby approves the Transfer Application and
consents to the Transfer to TWI, as described in the transfer Application.
Section 2. This ordinance shall be published as provided by law and it shall
become law and shall take effect immediately after its Second Reading.
First Reading this 11th day of July, 1995.
Second Reading this 25th day of July, 1995.
Section 3. The City Manager is hereby authorized to notify TWI, CIC and
Cablevision of this action in writing by furnishing these companies with an executed
copy of this Ordinance.
PASSED AND ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CLERMONT, LAKE COUNTY FLORIDA THIS ~~3~ DAY OF JULY, 1995.
Robert A. Pool, Mayor
Attest:
Jo h . Va e, Ci y Clerk