R-387-95 11/13/95RESOLUTION a):21
RESOLUTION TRANSFERRING THE VILLAGE OF LEMONT FRANCHLSE
FROM CONTINENTAL CABLEVISION OF WILL COUNTY, L.P. TO
CONTINENTAL CABLEVISION OF NORTHERN ILLINOIS, INC.
WHEREAS, Continental Cablevision, Inc. through a wholly -owned subsidiary
acquired American Cablesystems, Inc. in February 1988; and,
WHEREAS, through the acquisition of American Cablesystems, Continental
Cablevision acquired the franchise to provide cable service in the village of Lemont; and
WHEREAS, Continental Cablevision now desires to transfer the franchise from the
books of Continental Cablevision of Will County, L.P., (CCWC) a Massachusetts limited
partnership to Continental Cablevision of Northern Illinois, Inc. (CCNI), a Delaware
corporation; and
WHEREAS, said transfer involves no change in the control of the franchise or the
effective ownership of the franchise.
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
Section l:
To the extent required by the Village's ordinance, consent is hereby granted to the
transfer of the franchise from Continental cablevision of Will County, L.P., to
Continental Cablevision of Northern Illinois, Inc.
Section 2:
This resolution shall be in effect from and after its passage and adoption according
to law.
PASSED AND APPROVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF
THE VILLAGE OF LEMONT, COUNTIES OF COOK, WILL AND DU PAGE, ILLINOIS
on this / 0)dc day of l�, "T�711- Z 2--- , 1995.
Barbara Buschman
Alice Chin
Keith Latz
Connie Markiewicz
Rick Rimbo
Ralph Schobert
Approved by me thi31/ day of
AYES NAYS PASSED ABSENT
CHARLENE SMOLLEN, Village Clerk
CHARLENE SMOLLEN, Village Clerk
NESKI, Village President
LAW OFFICES OF
ANTONOPOULOS, VIRTEL, & GROSELAK, P.C.
COURTYARD PROFESSIONAL BUILDING
15419 127th STREET • SUITE 100
LEMONT, ILLINOIS 60439
JOHN P. ANTONOPOULOS
LEE T. VIRTEL
BRADLEY S. GROSELAK
October 27, 1995
Mr. Steve Jones
Village Administrator
Village of Lemont
418 Main Street
Lemont, Illinois 60439
Dear Steve:
TELEPHONE
(708) 257 -5816
FAX (708) 257 -8619
I received the Continental Cablevision request and suggest that the attached Resolution
be adopted at the next Board Meeting.
JPA:vms
Enclosure
Very truly yours,
-John P. Antonopoulos
14
Continental
Cablevision
October 18, 1995
Mr. John Antonopoulos, Attorney
Village of Lemont
418 Main Street
Lemont, IL 60439
Dear Mr. Antonopoulos:
Please be advised that later this year, Continental Cablevision is planning to transfer the
Bolingbrook franchise from the books of Continental Cablevision of Will County, L.P., a
Massachusetts limited partnership (CCWC) to Continental Cablevision of Northern Illinois,
Inc. (CCNII), a Delaware corporation.
CCNII is a wholly owned subsidiary of Continental Cablevision, Inc. (CCI), the ultimate
parent of CCWC. This transaction involves no change of control in that CCI has enjoyed
the complete right of control of CCWC since it acquired ownership of American
Cablesystems in 1988. Additionally, the change in ownership is simply a transfer from one
wholly owned corporate entity to another wholly owned corporate entity where CCI's
ultimate ownership was approved with the American transfer.
Continental is effecting this transfer in an effort to reduce its auditing, budgeting and other
accounting procedures and obligations.
The Village's Ordinance is unclear as to whether prior consent is required in such a
circumstance as this. I have therefore taken the liberty of drafting a resolution consenting
to the transfer, if necessary, for your consideration.
Should you have any questions, please feel free to contact me.
Sincerely,
Roger nnor
Government Relations Manager
RER/slp
Enclosure
1304 Marquette Drive • Romeoville, Illinois 60441 • (815) 886 -9200 • Fax (708) 759 -2611
Equal Opportunity Employer