HomeMy WebLinkAboutCity Council Resolutions (R-92-819)-09/01/1992
1
2
RESOLUTION R-92-819
3
A RESOLUTION GRANTING APPROVAL TO A CHANGE IN OWNERSHIP
RELATING TO CABLE TELEVISION FRANCHISEE
4
WHEREAS,
storer Cable TV of Texas,
franchise to construct,
provide cable television
Colleyville, Texas; and
Inc. has been granted a
operate, maintain and
services by the City of
5
6
7
WHEREAS, storer Cable TV of Texas, Inc. is indirectly
controlled by SCI Holdings, Inc. whose stock is held
equally by Comcast storer, Inc. (Comcast) and, TKR
storer Limited Partnership (IITKRII); and
8
9
WHEREAS, it is anticipated that SCI Holdings, Inc. will be
merged into storer communications, Inc. (IIStorerll)
which is currently a wholly-owned subsidiary
thereof; and
10
11
WHEREAS, Comcast and TKR intend for Comcast to become the
sole owner of storer; and
12
13
WHEREAS, storer intends to split-off certain of its assets
and cable systems to TKR, including those within
this community; and
14
WHEREAS, upon completion of the transactions, Comcast will no
longer have any ownership interest in storer Cable
TV of Texas, Inc. and TKR will directly or
indirectly own one hundred percent (100%) of the
stock thereof; and
15
16
17
WHEREAS, storer Cable TV of Texas, Inc. has requested consent
to the transactions described above; and
18
WHEREAS, the interest of the citizens of the City of
Colleyville are best served by the adoption of the
Resolution set forth herein;
19
20
21
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF COLLEYVILLE, TEXAS:
22
SEC. 1
The City of Colleyville hereby approves the change
in control of storer Cable TV of Texas, Inc.
23
24
25
26
- -"..._..._---....",....,-"_.-._-.----------_._.'''-'~..,.~--~--.,._..._--~.~-~
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
1
2
RESOLUTION R-92-819
3 Page 2
4
AND IT IS SO RESOLVED.
5
6
Passed by a vote of
~, 1992.
ATTE: fJ~
ean Harris, CMC
City Secretary
7
8
9
4
to 0
on this
/5-1--
day of
~ OF COLLEYVILLE
\ /d4/lM-
Richard Newton
Mayor