Ordinance 2000-1351 - Laserfiche WebLink

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NOW THEREFORE BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. The City hereby consents to and approves the transfer of control of the Franchise from Comcast Corporation to TCI Atlantic, Inc., doing business as AT&T Broadband, a wholly owned subsidiary of AT&T Corporation, as described in the Asset Exchange Agreement dated August 11, 2000. Section 2. The Mayor is hereby authorized to sign such documents as may be necessary or appropriate to evidence such consent and approval. Section 3. By passage of this Ordinance, the City makes no representations concerning whether any violations or non-compliance issues exist with respect to the Franchise. Nothing in this Ordinance shall be construed by Comcast, TCI or AT&T as precluding the City from addressing any prior acts of noncompliance by Comcast, .pursuant to the terms of the Franchise. Section 4. This Ordinance shall take effect upon the closing of the Asset Exchange Agreement, provided the requirements of C.R.S. section 31-16-105 have been met. Should the transaction as approved by the shareholders of the parties to the Asset Exchange Agreement and federal government agencies differ in any material respect from that represented in the documents submitted to the City with the Application, this Ordinance shall be voidable, at the sole option of the City. Within thirty (30) days following the closing of the Asset Exchange Agreement, AT&T shall file with the City a statement that the above conditions have been met. Section 5. All other ordinances or portions thereof inconsistent or conflicting with this Ordinance or any portion hereof are hereby repealed to the extent of such inconsistency or conflict. INTRODUCED, READ, PASSED ON HRST READING, AND ORDERED PUBLISHED this 8th day of November, 2000. Nancy Varra'J City Cl~rk Tom D-fi'~avidson, Mayor