Resolution Conditionally Authorizing the Assignment and Ultimate Transfer of Control of a Cable Television Franchise by Comcast Corporation to C native Exchange i llc a Wholly Owned Subsidiary of Time Warner NY Cable Inc. City of Culver City California City Council Agenda Item Report Meeting Date: 02/13/06 AGENDA ITEM: Consideration of a Resolution Conditionally Authorizing the Assignment and Ultimate Transfer of Control of a Cable Television Franchise by Comcast Corporation to C Native Exchange I LLC a Wholly Owned Subsidiary of Time Warner Cable Inc. Item Number: A 1 Contact Person/Dept.: Martin R. Cole ACAO & Roland Miranda/City Attorney s Office Fiscal Impact: Yes Public Hearing: Public Notification: Master Notification List (02/08/06); Comcast of Los Angeles Inc. (02/08/06); Time Warner Cable (02/08/06) Phone Number: (310) 253 6000; (310) 253 5660 Attachments: x No x General Fund: Yes No Action Item: x Department Approval: Martin R. Cole (02/08/06) CAO Approval: Martin R. Cole for Jerry B. Fulwood (02/08/06) City Controller Approval: N/A RECOMMENDATION Staff recommends the City Council adopt a resolution conditionally authorizing the assignment and ultimate transfer of control of the cable television franchise from Comcast Corporation to a wholly owned subsidiary of Time Warner Cable Inc. BACKGROUND Comcast of Los Angeles Inc. a corporate subsidiary of Comcast Corporation is the holder of the current Culver City cable television franchise. On June 14 2005 the City received an FCC Form 394 entitled Application for Franchise Authority Consent to Assignment or Transfer of Control of Cable Television Franchise ( Form 394 ). The Form 394 seeks the City s consent to the transfer of the City s cable television franchise from Comcast Corporation to a subsidiary of Time Warner Cable Inc. As detailed below if consented to by the City Council the proposed transfer will involve various corporate transactions which will ultimately result in the Culver City cable television ...
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