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2017-570-Resolution No. 2017-045 Recorded 9/7/2017Recorded in Deschutes County Nancy Blankenship, County Clerk Commissioners' Journal CJ2017-570 09/07/2017 4:00:06 PM 11111111inuumimuii uii BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON A Resolution Approving the Transfer of the Cable Television Franchise * * RESOLUTION NO. 2017-045 WHEREAS, California Oregon Broadcasting, Inc., dba Crestview Cable Communications ("Franchisee") is the duly authorized holder of a franchise agreement (the "Franchise") issued on March 31, 2008 by the County of Deschutes, Oregon (the "Franchise Authority"), authorizing Franchisee to operate a cable system ("System") in the County of Deschutes, Oregon; and WHEREAS, TDS Broadband Service LLC ("Purchaser") has entered into an Asset Purchase Agreement (the "Agreement") with Franchisee in which, among other things, the Franchisee proposes to sell and assign to Purchaser certain of the assets, including the Franchise, used by Franchisee in the operation of the System (the "Transaction"); and WHEREAS, Franchisee and Purchaser have requested the consent of the Franchise Authority for the assignment of the Franchise in accordance with the requirements of Section 15 of the Franchise and applicable law and have filed with the Franchise Authority a FCC Form 394 that includes relevant information concerning the Transaction and the legal, technical and financial qualifications of Purchaser (collectively, the "Application"); and WHEREAS, the Franchise Authority has reviewed the Application, and determined that Purchaser meets the legal, financial and technical qualifications to operate the System and that it is in the interest of the community to approve the Application and the assignment of the Franchise and the System to Purchaser, as described in the Application, now therefore, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY (THE FRANCHISE AUTHORITY HEREIN) AS FOLLOWS: SECTION 1. The Franchise Authority hereby consents to the Transaction, to the extent required by the terms of the Franchise and applicable law. SECTION 2. The Franchise Authority confirms that (a) the Franchise was properly granted or assigned to Franchisee and is in full force and effect, (b) the Franchise represents the entire understanding of the parties, the Franchisee has no obligations to the Franchise Authority other than those specifically stated in the Franchise, and the Franchise has not been amended or modified in any respect; and (c) the Franchisee is in compliance with the provisions of the Franchise and applicable law, and there exists no fact or circumstance known to the Franchise Authority which constitutes or which, with the passage of time or the giving of notice or both, would constitute a default or breach under the Franchise or would allow the Franchise Authority to cancel or terminate the rights of Franchisee thereunder. SECTION 3. The Franchise Authority hereby consents to and approves (a) the pledge or grant of a security interest to any lender(s) in Purchaser's assets, including, but not limited to the Franchise, or of interests PAGE 1 OF 2 — RESOLUTION NO. 2017-045 in Purchaser, for purposes of securing any indebtedness; and (b) the assignment or transfer of Purchaser's assets, including the Franchise, provided that such assignment or transfer is to an entity directly or indirectly controlling, controlled by or under common control with Purchaser. SECTION 4. The Franchise Authority's approval of the Application and its consent to the assignment of the Franchise to Purchaser shall be effective immediately, and Purchaser shall notify the Franchise Authority upon the closing of the Transaction (the "Closing Date"). SECTION 5. The Franchise Authority releases the Franchisee, effective upon the Closing Date, from all obligations and liabilities under the Franchise and applicable law that accrue on and after the Closing Date; provided that Purchaser shall be responsible for any obligations and liabilities under the Franchise that accrue on and after the Closing Date. SECTION 6. This Resolution shall have the force of a continuing agreement with Franchisee and Purchaser, and the Franchising Authority shall not revoke, amend or otherwise alter this Resolution without the consent of the Franchisee and Purchaser. SECTION 7. Effective Date. This Resolution shall be effective upon adoption. Dated this ie of ATTEST: *ding Secret. ry 2017 PAGE 2 OF 2 — RESOLUTION NO. 2017-045 BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY, OREGON I TAMMY BANEY, ir ANTHONY DEBONE, Vice Chair PHILIP G. HENDERSON, Commissioner C'2S`VVIay.).)C3).1"1/4)\ - l�e�rVlV�e Akk3Lks- Deschutes County Board of Commissioners 1300 NW Wall St., Suite 200, Bend, OR 97701-1960 (541) 388-6570 - Fax (541) 385-3202 - www.deschutes.org AGENDA REQUEST & STAFF REPORT For Board Business Meeting of September 6, 2017 DATE: August 29, 2017 FROM: Dave Doyle Legal Counsel 388-6625 TITLE OF AGENDA ITEM: Board approval and signature of Resolution No. 2017-045 Approving Transfer of the California Oregon Broadcasting, Inc., Cable System Franchise to TDS Broadband. PUBLIC HEARING ON THIS DATE? No. BACKGROUND AND POLICY IMPLICATIONS: In 2008, Deschutes County granted a number of cable system franchises for services within the unincorporated portions of Deschutes County. The Franchise Agreements provide that the County shall not unreasonably withhold approval of transfers of the franchise. Apprval of the transfer is predicated upon a demonstration that the transferee has adequate financial and managerial resources sufficient to maintain the current quality of service. TDS Broadband is a susidiary of Telephone and Data Systems, Inc. Among other holdings, TDS owns cell phone carrier U.S. Cellular. TDS is a publicly -traded Fortune 500 corporation and has nearly 11,000 employees. FISCAL IMPLICATIONS: No fiscal implications associated with the transfer. RECOMMENDATION & ACTION REQUESTED: Board approval of Resolution No. 2017-045 approving the assignment and transfer of the cable system franchise currently issued to California Oregon Broadcasting, Inc. to TDS Broadband Service LLC. ATTENDANCE: Dave Doyle, Legal Counsel DISTRIBUTION OF DOCUMENTS: BOCC Legal