Ordinance No. 650 - Cable Television FranchiseORDINANCE NO. 650
AN ORDINANCE OF THE CITY COUNCIL OF THE
CITY OF ROSEMEAD APPROVING THE TRANSFER
OF THE CABLE TELEVISION FRANCHISE FROM
FALCON COMMUNICATIONS TO CENCOM CABLE
TELEVISION, INCORPORATED
WHEREAS, the City of Rosemead, California, by Ordinance No. 579
dated May 28, 1985, granted a cable television franchise (the
"Franchise") to Falcon Communications; and
WHEREAS, Cencom Cable Associates, Inc., has represented that a
substantial investment in Cencom Cable Television, Inc., by Gaylord
Broadcasting Company will occur.
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City
of Rosemead, California, as follows:
Section 1. The City of Rosemead, California hereby consents to
the transfer of the Franchise to Cencom Cable Television, Inc.,
provided that Cencom Cable Television, Inc., assumes all of the
conditions and obligations of the Franchise.
Section 2. The City of Rosemead, California hereby further
consents that upon the effective date of this Ordinance, Falcon
Communications shall be released from all subsequent obligations and
liabilities arising under the Franchise.
Section 3. The City of Rosemead, California hereby further
consents to the purchase of 97% of the stock of Cencom Cable
Television, Inc., by Gaylord Broadcasting Company.
Section 4. The City of Rosemead, California hereby declares
that it does not object to the assignment, mortgage or pledge of the
cable television system assets, including the franchise, by Cencom
Cable Television, Inc., for financing purposes, so long as any such
assignment, mortgage or pledge shall be subject to the rights of the
City under the Franchise.
PASSED, APPROVED AND ADOPTED this
ATTEST:
Y CLERK
I hereby certify that the foregoing
Ordinance No. 650 was introduced at a
regular meeting of the City Council of-
the.City.of Rosemead.. held on the 26th
day of September, 1989, and was duly
adopted by said City Council at their
regular meeting held on the 10th.day of
October, 1989, by the following vote:
10th. day of October 1989,
C
MAYOR
` Imperial
No:Ncne. Absent: None Abstain: None
Yes: DeCocker,.Taylor, McDonald, Bruesch
D
ION, INC.
BY:
TITLE. S~'oR "s PKeS~ NT
C CLERK