R 4204RESOLUTION N0.4204
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARROYO GRANDE CONSENTING TO CHARTER
CHAPTER 11 BANKRUPTCY RECONSTRUCTION
WHEREAS, Charter Communications Properties LLC d/b/a Charter Communications
("Franchisee"), an indirect, wholly-owned subsidiary of Charter Communications, Inc.
("Charted, ovens a cable television system (the "System's in the City of Arroyo Grande,
California (the 'Franchise Authority"); and
WHEREAS, on March 27, 2009, Charter and certain of its subsidiaries filed voluntary
petitions in the United States Bankruptcy Court for the Southern District of New York
("Bankruptcy Court's seeking relief under the provisions of Chapter 11 of TRIe 11 of the
United States Code in order to effectuate a financial restructuring (Case No. 09-11435);
and
WHEREAS, pursuant to the terms of agreements entered into between Charter and its
key bondholders, Charter's current Class A Common Stock and Class B Common Stock
will be cancelled and replaced with new voting stock owned by Paul G. Allen and such
bondholders, as described in filing with the Bankruptcy Court (the "Transacfion'~, copies
of which have been provided to the Franchise Authority; and
WHEREAS, the Franchise Authority has concluded that its approval is necessary for the
above described Transaction and has been provided a FCC Form 394 and related
information for such Transaction; and
WHEREAS, the Franchise Authority, has considered and approves the Transaction
described above, subject to Franchisee paying all past due public, education, and
government (PEG) fees.
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Arroyo
Grande as follows:
1. The foregoing recitals are approved and incorporated herein by reference.
2. The Franchise Authority consents to the Transaction described herein subject to
Franchisee paying all past due public, education, and government (PEG) fees.
3. This Resolution shall be deemed effective upon its adoption.
RESOLUTION N0.4204
PAGE 2
On motion of Council Member Costello, seconded by Council Member Arnold, and on
the following roll call vote:
AYES: Council Members Costello, Arnold, Fellows, Guthrie, and Mayor Ferrara
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 28"' day of July 2009.
RESOLUTION NO, ~{ZO'1
PAGE 3
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TONZTFE~ A, MAYOR
ATTEST:
ST EN ADAMS, CITY MANAGER
APPROVED AS TO FORM:
TI THY J. MEL, CITY ATTORNEY
APPROVED AS TO CONTENT:
OFFICIAL CERTIFICATION
1, KELLY WETMORE, City Clerk of the City of Arroyo Grande, County of San Luis
Obispo, State of Cal'rfomia, do hereby certify under penalty of perjury, that the attached
Resolution No. 4204 is a true, full, and correct copy of said Resolution passed and
adopted at a Regular meeting of the City Council/Redevelopment Agency of the City of
Arroyo Grande on the 28"' day of July 2009.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 30"' day of
July 2009.
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KELLY ORE, CITY CLERK