ORDINANCE NO. 24-94
BY: *d. r-e1,<( AN RDINANCE OF THE VILLAGE OF GRANVILLE, OHIO, APPROVING THE
TRANSFER OF CONTROL OF TIMES MIRROR CABLE TELEVISION OF LICKING
COUNTY, INC.,F R('ANCHISEEF')ROM THE TIMES MIRROR COMPANY TO
COX CABLE COMMUNICATIONS, INC.
WHEREAS, the Village of Granville has entered into a franchise agreement with the
Franchisee for the provision of cable television services in the Village, and:
WHEREAS, the franchise agreement provides the Franchisee must obtain the prior consent
of the Village Council to the transfer of control of the franchisee, and;
WHEREAS, Franchisee's ultimate controlling entity, The Times Mirror Company, has
announced its plan pursuant to an Agreement and Plan of Merger by and among The Times Mirror
CompanyT (im' es Mirror"N)e,w TMC Inc.C, ox Cable Communications, Inc. C(ox's Cable"a)n,d
Cox Enterprises, Inc.,dated June 5, 1994, to transfer its non-cable related assets to New TMC Inc.,
following which Times Mirror (then holding only its remaining cable assets)will merge into Cox
Cable, a public company, which will become the owner of the stock of Franchisee' and;
WHEREAS, on the closing date of the above-described merger transaction, approximately
twenty percent 2( 0%of t)he shares of Cox Cable will be transferred to Times Mirror's public
stockholders and the remaining shares of Cox Cable will be owned by Cox Enterprises, Inc.,or one of its wholly owned subsidiaries, and;
WHEREAS, the Franchise will remain the same entity following the merger, but will be controlled, directly or through a subsidiary, by Cox Cable and will be ultimately controlled by Cox Cable's controlling entity, Cox Enterprises, Inc. and:
WHEREAS, after evaluating the proposed transaction described above, the Village has determined that it is in the best interest of the Village and the residents thereof to approve the transfer of control of the Franchise form Times Mirror to Cox Cable.
NOW THEREFORE, BE IT ORDAINED by the Village Council of the Village of Granville that:
That the transfer of control of the Franchisee from Times mirror to Cox
cable be approved.
That the Village hereby affirms that, as of the date of this Ordinance, its
franchise agreement with the Franchisee is valid and remains in full force and effect.
Section 111: This Ordinance shall take effect and be in full force upon the earliest date allowed by law.
Passed this / day of
C LAz;k- .9(.y /,k- ££P Clerk of Council /
kppr3oN /«»/ 01,«1'
Law Dir ctor
Auqus + 1994
ORDINANCE NO. 24-94