2535_00001RESOLUTION NO.2535
A RESOLUTION CONSENTINGTO THE TRANSFER OF POWERTELNET COMMUNICATIONS,INC.'S CABLE TELEVISION FRANCHISE OPERATE AND MAINTAINA CABLE SYSTEM TODONOBI,INC.
Recitals:
1.Previously PowerTelNet Communications,Inc.received the consent ofthe City Council tobecomeafranchisedoperatorinacabletelevisionfranchisegrantedunderOrdinanceNo.2067.
2.PowerTelNet Communications,Inc.has entered into an asset purchase agreement withDonobi,Inc.providing for thesale,transfer,assignment and conveyanceby PowerTelNet Communications,Inc.of the cable televisionassets servingthe citysubjecttothe consent oftheCity Council.
Resolved:
1.The City Manageris authorizedtoexecute the ConsenttoAssignmentevidencingtheCityCouncil'sconsenttotheconveyancedescribedabove.The Consent to Assignment is contingentuponfinalizationandclosingofthePowerTelNetCommunications,Inc.to Donobi,Inc.sale and transfer.
2.Donobi,Inc.is bound toperform intheplaceand stead of PowerTelNet Communications,Inc.all thetermsconditionsandprovisionsofOrdinanceNo.2067.This consentdoes not operatetoextend anyexistingfranchiseorwaiveanyfailureonthepartofthefranchiseholdertoperformundertheordinancegrantingthefranchise.
ADOPTED bytheCity Councilon May27,2003.
Lee Blackwell,Mayor
ATT T:
Rona .Conefinance Director
O
Resolution Page 1