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RESOLUTION OF THE CITY OF JONESBORO, AR, APPROVING THE ASSIGNMENT OF THE CABLE TELEVISION FRANCHISE
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WHEREAS, TCA Cable Partners (“Franchisee”) owns, operates, and maintains a cable television system (“System”) serving the City of Jonesboro, AR pursuant to a franchise agreement (the “Franchise”) issued by the City of Jonesboro, AR (the “Franchise Authority”), and Franchisee is the duly authorized holder of the Franchise; and
WHEREAS, Franchisee and other entities controlled by Cox Communications, Inc. have entered into an Asset Purchase Agreement dated October 31, 2005 (the “Agreement”) with Cebridge Acquisition Co. LLC in which, among other things, the Franchisee proposes to sell and assign to Cebridge Acquisition Co. LLC certain of the assets, including the Franchise, used by Franchisee in the operation of the System (the “Transaction”); and
WHEREAS, Cebridge Acquisition Co. LLC will assign, among other things, its right to acquire the Franchise and System under the Agreement to Cebridge Acquisition, L.P. d/b/a Cebridge Connections (“Cebridge”) prior to the closing of the Transaction; and
WHEREAS, Franchisee and Cebridge have requested the consent of the Franchise Authority for the assignment of the Franchise in accordance with the requirements of the Franchise and applicable law and have filed with the Franchise Authority a franchise assignment application on FCC Form 394 that includes relevant information concerning the Transaction and the legal, technical and financial qualifications of Cebridge (collectively, the “Application”); and
WHEREAS, the Franchise Authority has reviewed the Application, examined the legal, financial and technical qualifications of Cebridge, followed all required procedures to consider and act upon the Application, and considered the comments of all interested parties; and
WHEREAS, the Franchise Authority believes it is in the interest of the community to approve the Application and the assignment of the Franchise...
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