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Ord 2299 - Franchise Transfer COUNCIL BILL NO. 2338 ORDINANCE NO. 2299 AN ORDINANCE APPROVING AND CONSENTING TO THE TRANSFER AND ASSIGNMENT OF A CABLE TELEVISION FRANCHISE FROM NORTH WILLAMETTE TELECOM, INC (DIRECT LINK) TO WILLAMETTE BROADBAND LLC, AND DECLARING AN EMERGENCY. WHEREAS, the City of Wood bum, Oregon (the "City"), acting by and through its City Council (the "Council") and pursuant to the authority of and in accordance with the terms and conditions of Ordinance 1766, passed that certain Ordinance No. 2093 on October 12, 1992 granting to Northland Cable Television, Inc the authority to construct, operate and maintain a cable television system with the franchise area ("Franchise"); and WHEREAS, the Council adopted Ordinance No 2211 on April 13, 1998 which approved and consented to the transfer and assignment of the cable television franchise from Northland Cable Television, Inc. to North Willamette Telecom, Inc ("Direct Link"); and WHEREAS, Direct Link (Seller) desires to sell its cable system and related assets and transfer the Franchise to Willamette Broadband LLC, a Delaware limited liability company (Willamette) and Willamette has agreed to acquire the Franchise and substantially all the property, assets, goodwill and business related to the Franchise; and WHEREAS, the City has invested significant time and resources in undertaking negotiations with Direct Link, to arrive at a mutually agreeable renewal of the Franchise, which renewal has been requested by Direct Link as a precursor to a possible transfer of the Franchise; and WHEREAS, Willamette has provided sufficient information to confirm that it has the technical qualifications, financial ability and character to assume operation of the Franchise, but that it has no financial or operating history as a company; and WHEREAS, the City's consent to the transfer and sale of the franchise and related assets to Willamette subject to certain conditions will serve the best interests of the City and its citizens; NOW THEREFORE, THE CITY OF WOODBURN ORDAINS AS FOLLOWS: Section 1. The City hereby approves and consents to the transfer and assignment of the Franchise from North Willamette Telecom, Inc. to Willamette Broadband, LLC contingent upon Willamette's satisfactory completion of the following conditions no later than ninety (90) days after the date of this ordinance. Page 1 of 3- COUNCIL BILL NO. 2338 ORDINANCE NO. 2299 (A) Complete the franchise renewal negotiations, represented in a mutually agreeable new franchise designed to meet current Woodburn regulatory requirements and community needs; (B) Provide an independent and unconditional guarantee of franchise performance by the principles of Willa mette, including Avalon Equity Partners, TFC Textron, and Peter Luscombe. Such guarantee shall be in a form acceptable to the City Attorney; (C) Post a performance bond, to cover all franchise performance by Willamette, in an amount of $300,000. Said bond shall be in a form acceptable to the City Attorney; (D) Establish a security fund or letter of credit running to the City in an amount equal to one quarter of Willa mette's anticipated franchise fees for the first year. Such security fund or letter of credit shall be in a form acceptable to the City Attorney, and shall be retained by the City for a period of five years, or until such time as the City Council deems, based upon Willamette's performance under a franchise, that such security is no longer necessary; and (E) Agree in writing to remedy any historical violation or default under the Franchise, regardless of whether the Seller or Willamette is responsible for the violation or default. IfWillamette fails to complete any of the conditions (A) to (E) above within ninety (90) days of the date of this Ordinance, consent to the sale and transfer of the Franchise is denied Section 2. Subject to condition (A) to (E) above being met within ninety (90) days of the date of this Ordinance, and from and after the closing of the sale of the Franchise and related assets to Willamette, Willamette shall become the operator of the Franchise and shall be bound by the lawful obligations and duties that arise on and after the closing with respect thereto and the Seller shall be released of such obligations and duties. Section 3. The assignment and transfer of the Franchise shall not alter the terms and conditions ofthe Franchise granted in Ordinance 2093; and Willamette shall file with the City Recorder a written unconditional assumption and acceptance of the Franchise. Section 4. In addition to the document required by Section 3, Willamette shall file with the City Recorder a written assurance that, for the remainder of the effective period of Ordinance 2093: (A) It shall maintain a system head end in the incorporated City Limits of Woodburn; and Page 2 of 3- COUNCIL BILL NO. 2338 ORDINANCE NO. 2299 (B) It shall maintain an office and studio located in the incorporated City limits during the term of the Franchise. Section 5. In connection with the assignment and transfer of the Franchise to Willamette, the City certifies to Seller and Willamette that: (A) The Franchise was duly and validly issued by the City; (B) The Franchise is in full force and effect as of the date hereof, is valid and enforceable in accordance with its terms and will not expire until October 19, 2002; (C) The City acknowledges receipt of a completed FCC Form 394 from Seller and Willamette. Section 5. This ordinance being necessary for the immediate preservation of the public peace, health and safety, an emergency is declared to exist and this ordinance shall take effect immediately upon passage by the City Council and approval by the Mayor. Approved as to formm').lt r;;;IQ City Attorney g-l'1- '200 I APPROVED: Richard Jennings, M Passed by the Council Submitted to the Mayor Approved by the Mayor Filed in the Office of the Recorder ATTEST: fYl~~ Mary Te ant, CIty Recorder City Of W oodbum, Oregon August 27. 2001 August 30. 2001 August 30. 2001 August 30. 2001 Page 3 of 3- COUNCIL BILL NO. 2338 ORDINANCE NO. 2299