Title
Consenting to the transfer of control of the Areas I, III and IV cable television franchises from Comcast Corporation to AT&T Comcast Corporation; the transfer of the Area I cable television franchise by merger of Comcast Cablevision of Philadelphia Area I, Inc. with and into Comcast Cablevision of Philadelphia, Inc., a direct subsidiary of Comcast Cable Communications, Inc.; and the reorganization or conversion of the legal form of Comcast Cablevision of Philadelphia, Inc. to a limited liability company; all under certain terms and conditions.
Body
WHEREAS, Pursuant to Bill No. 53-A (approved March 29, 1984) and Bill No. 339 (approved November 14, 1984), Greater Philadelphia Cablevision, Inc. ("Greater Philadelphia") was awarded a franchise for the operation of a cable communications system in Area I of the City of Philadelphia (the "City"), which franchise was renewed for a fifteen year term commencing on October 8, 2000 pursuant to Bill No. 980847 (approved January 5, 1999). A franchise renewal agreement for Area I (the "Area I Franchise Agreement") was executed on June 15, 1999 by the City as franchisor and Greater Philadelphia as franchisee; and
WHEREAS, The Area I cable television franchise was transferred from Greater Philadelphia to Comcast GPCI, Inc. ("Comcast GPCI") with consent of the City pursuant to Bill No. 990357 (approved July 1, 1999), and Comcast GPCI on June 30, 1999 entered into an Assumption Agreement with the City agreeing to assume and be bound by all of the provisions, terms and conditions of the Area I Franchise Agreement; Comcast Corporation, the indirect parent of Comcast GPCI, executed on June 30, 1999 an Affirmation of Guaranty guaranteeing to the City the performance by Comcast GPCI of all obligations of Comcast GPCI pursuant to the Area I Franchise Agreement and state and local laws, ordinances, and regulations; and immediately following the close of the transaction, Comcast GPCI changed its corporate name to Comcast C...
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