Resolution authorizing the assignment and transfer of control of the cable television franchise from Comcast to a wholly owned subsidiary of Time Warner Cable Inc. City of Culver City California City Council Agenda Item Report Meeting Date: September 26 2005 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 2 Contact Person/Dept.: Bill Rudell/Richards Watson & Gershon; Roland Miranda/City Attorney s Office Fiscal Impact: Yes Public Hearing: Public Notification: Master Notification List 9/21/05; Comcast of Los Angeles Inc.; Time Warner Cable Phone Number: (213) 626 8484; (310) 253 5660 Attachments: x No x General Fund: Yes No Action Item: x Department Approval: Carol Schwab City Attorney 9/22/05 City Controller Approval: N/A RECOMMENDATION: CAO Approval: That the City Council adopt the 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 franchise being held by a corporate subsidiary of Time Warner Cable Inc. On April 20 2005 Time Warner N...
Click here for full text