HomeMy WebLinkAboutCC-03-16-81 Trnsf Ham Co. CATV RESOLUTION
A RESOLUTION BY THE COMMON COUNCIL OF THE CITY OF
CARMEL, INDIANA APPROVING THE TRANSFER OF OWNERSHIP
OF HAMILTON COUNTY CATV, INC. TO TELECOMMUNICATIONS,
INC.
WHEREAS, the City of Carmel, Indiana granted to Hamilton
County CATV, Inc. a franchise for the development of a community
antenna cable television system on May 23, 1967 and gave to
Hamilton County CATV, Inc. the right to use public easements
for the purpose of installing said system, and
WHEREAS, said franchise agreement was granted for a
period of twenty-five (25) years and was subseqently amended
on December 27, 1973 and May 28, 1974, and
WHEREAS, said franchise agreement includes a provision,
(Section XII, page 9) that any transfer of ownership of Hamilton
County CATV, Inc. is subject to the approval of the city of
Carmel, Indiana, and
WHEREAS, the present owners of Hamilton County, CATV, Inc.
have informed the city of Carmel that the majority of stock in
the parent corporation which owns Hamilton County CATV, Inc. is
to be sold as of March 31, 1981 to Telecommunications, Inc. of
Denver, Colorado, and
WHEREAS, the Common Council of the city of Carmel, Indiana
has, through the efforts of its appointed Advisory Committee,
conducted discussions with representatives of Telecommunications,
Inc., and has reached agreement with Telecommunications, Inc. with
regard to future services to be provided to the citizens of
Carmel, Indiana, and has received from Telecommunications, Inc.
written assurances of their intent to honor the existing franchise
agreement with Hamilton County CATV, Inc. and to amend said
agreement in a manner already agreed upon by both Telecommunications,
Inc. and the city of Carmel, Indiana,
THEREFORE BE IT RESOLVED that the Common Council of the
City of Carmel, Indiana approves the transfer of ownership of
stock in the parent company owning Hamilton County CATV, Inc.
to Telecommunications, Inc. of Denver, Colorado.
Approved this _~ day of ,~., 1981 by the
Common Council of the City of Carmel, Indiana.
Attested to by:
Date