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AGENDA ITEM 4 <br />STAFF ORIGINATOR: Dan Tesch, Assistant to the City Administrator <br />DATE: 5 September 1996 <br />TOPIC: Cable Television Transfer of Ownership <br />BACKGROUND <br />Please find herein, two resolutions for your consideration, a summary of the proposed <br />transfer of ownership, and a memorandum from Mr. Tom Creighton and Mr. Bob Vose <br />attorneys with the firm of Bernick and Lifson. Also available in the, City Clerk's office <br />are lengthy analysis of the transfer. <br />The first transfer you will be authorizing is the sale of Meredith Cable to Continental <br />Cable (Resolution -). Secondly, you will be authorizing the sale of Continental Cable to <br />USWest (Resolution - ). The US West transfer is contingent upon them receiving all <br />necessary federal, state and local waivers to operate the system. <br />All cities that make up our franchise are required to act upon this transfer in resolution <br />form as you are doing tonight. <br />OPTIONS <br />1. Approve the two transfers of ownership from Meredith to Continen <br />and from Continental to US West. <br />(this action needs to be taken by September 30) <br />RECOMMENDATION <br />1. <br />