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HomeMy WebLinkAboutord1993-092WHATCOM COUNTY COUNCIL AGENDA BILL NO. 93-451 CLEARANCES Initial Date Date Received in Council Office: Agenda date Assigned to: 'ginator. Citizen Division Head: 11/5/93 11/23/93 Council/Intro 12/14/93 1 Council Hearin Dept. Head: Prosecutor. /).6. /4/0/0 Purchasing/Budget: Executive: SUBJECT: Amending ordinance 92 -001 to allow limited consent to assignment of cable television franchise rights for security purposes ATTACHMENTS: ordinance SU IMARY STATEMENT.- Please complete sections of box as appropriate & explain the item below. Related County contract #: Should Clerk schedule a hearing? NO YES Requested date: Amount budgeted for this item /project: $ Is it or will it be within budget? YES NO lease explain below Budget line item number(s): , L__,:k Rock Cable wishes to assign its community antenna television system for security purposes to its lender, U.S. Bank of Washington. This provides security for the lender in case the franchisee is in default. ORIGINATOR'S RECOMMENDED ACTION: COMMITTEE ACTION TAKEN: COUNCIL ACTION TAKEN: 11/23/93: Intro 1 V93: Council adopted the ordinance. 7 -0. Related File Numbers: Ordinance or Resolution Number (this item only): Ord 93 -092 blackroc.ord 11/12/93 SPONSORED BY: Consent PROPOSED BY: Council INTRODUCTION DATE: 11/23/93 1 ORDINANCE NO. 93 -092 2 AMENDING ORDINANCE 92 -001 TO ALLOW LIMITED 3 CONSENT TO ASSIGNMENT OF CABLE TELEVISION 4 FRANCHISE RIGHTS FOR SECURITY PURPOSES 5 WHEREAS, Black Rock Cable wishes to assign its community antenna television 6 system for security purposes to its lender, U.S. Bank of Washington, National Association 7 (U.S. Bank) (lender). 8 WHEREAS, any further assignment of the franchise by the franchisee or the 9 lender must first be consented to in writing by the Whatcom County Council. 10 NOW, THEREFORE, BE IT ORDAINED by the Whatcom County Council that 11 Whatcom County Council allows Black Rock Cable TV (franchisee) to assign its cable 12 system assets for security purposes -to its lender, U.S. Bank (lender). If the lender 13 forecloses on its security interest and takes over operation of the cable system, the 14 Whatcom County Council consents to the lender acting as franchisee under the terms of the cable television franchise issued to Black Rock Cable TV, Ordinance No. 92 -001, .Lo dated January 7, 1992. A copy of the certificate of compliance acceptance of franchise is 17 attached as Exhibit "A". 18 BE IT FURTHER ORDAINED that any further assignment of the franchise by 19 the franchisee or the lender must first be consented to in writing by the Whatcom 20 County Council. Consent to transfer or assignment of the franchise by the lender to 21 continue operation of the cable system shall not be unreasonably withheld. The 22 Whatcom County Council will temporarily consent to interim assignment or transfer of 23 the franchise rights so as to allow continued operation of the cable system pending 24 formal approval by the County Council. 25 BE IT FURTHER ORDAINED that Whatcom County agrees to notify the 26 lender whenever the franchisee is in default under the terms of the franchise or county 27 code and the county has determined to terminate, revoke, or annul the franchise. The 28 county will allow the lender to cure any default within a reasonable period of time as 29 determined by the county. Page 1 I BE IT FINALLY ORDAINED that Whatcom County agrees to recognize the 2 lender and its successors, as well as any approved transferees or assignees of the lender, 3 as a party to all rights and privileges relative to the franchise, upon the express condition 4 that the assignment and transfer shall not alter, affect or otherwise change any of the 5 terms or conditions of the franchise and the franchise shall remain in full force and 6 effect. The franchisee shall not be released from any liability or obligation accrued 7 under the terms of the franchise. In consideration for assignment for security purposes, 8 the lender and its successors and all transferees or assignees agree to be bound by all 9 provisions, conditions, regulations and requirements of the franchise and the Whatcom 10 County Code, particularly Title 12 WCC. 11 ADOPTED this 14th day of December , 1993. 12 WHATCOM COUNTY COUNCIL 13 ATTEST: WHATCOM COUNTY, WASHINGTON 14 15 Ramona Reeves, Council Clerk 16 APPROVED AS TO FORM: 17 18 Civil Deputy Prosecutor 19 oor dK& f Marge Vaidlaw, Council Chair 0 Approved () Denied ka � a'l Shirley Van Z nten, Ea tive Date: Page 2