Title
Consenting to the transfer of control of the Area II cable television franchise from Urban Cable Works of Pennsylvania, LLC to Time Warner Cable Inc., and to the transfer and assignment of the Area II cable television franchise from Urban Cable Works of Philadelphia, L.P. to Time Warner Cable Inc., both under certain terms and conditions.
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WHEREAS, Urban Cable Works of Philadelphia, L.P., a Delaware limited partnership ("Urban Cable"), is the cable television franchisee in Area II of the City of Philadelphia, pursuant to a transfer of the Area II franchise from Wade Communications Partnership, d/b/a Wade Cablevision, to which the City consented by ordinance (Bill No. 990842, approved December 16, 1999); and
WHEREAS, Urban Cable is a Delaware limited partnership formed on or about June 3, 1999 by Wade Communications Partnership, a Pennsylvania general partnership and a subsidiary of Time Warner, Inc. which holds both a two per cent general partnership interest and a 38 per cent limited partnership interest in Urban Cable, Urban Cable Works General, LLC, a Delaware limited liability company which holds a three per cent general partnership interest in Urban Cable and is ultimately controlled by Inner City Broadcasting Corporation ("Inner City"), a privately held New York corporation), and Urban Cable Works of Pennsylvania, LLC a Delaware limited liability company which holds a 57 per cent limited partnership interest in Urban Cable and also is ultimately controlled by Inner City; and
WHEREAS, Urban Cable currently operates the Area II Franchise pursuant to an assignment to and assumption by Urban Cable of a Franchise Renewal Agreement (the "Area II Franchise Agreement") which was executed on December 21, 1999 by the City as Franchisor and Wade Communications Partnership, d/b/a Wade Cablevision, as Franchisee, as approved by Bill No. 990843 approved December 16, 1999; and
WHEREAS, Urban Cable as a condition to the City of Philadelphia consent to...
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