§ 1. The Franchise Authority hereby consents to the Transfer effective as of the date of the closing of the transactions contemplated under the Agreement (the "Closing Date"). |
§ 2. This Resolution shall become effective immediately upon passage by the Franchise Authority. |
RESOLUTION OF THE CITY OF HOBBS
WHEREAS, US Cable of Coastal-Texas, L.P. ("Franchisee") owns, operates and maintains a cable television system (the "System") in the City of Hobbs ("Franchise Authority") pursuant to a valid franchise agreement or similar authorization (the "Franchise"); WHEREAS, Baja Broadband, LLC ("Baja") entered into an Asset Purchase Agreement dated as of August 9, 2011 (the "Agreement") with Franchisee, pursuant to which the Franchisee proposes to sell and assign To Baja the System and the Franchise and certain assets related thereto (the "Transfer"); WHEREAS, Franchisee and Baja have requested consent of the Franchise Authority to the Transfer, have filed an FCC Form 394 with the Franchise Authority, and have provided all information required by applicable law (collectively, the "Transfer Application"); and WHEREAS, the Franchise Authority has reviewed the Transfer Application and investigated the qualifications of Baja and finds it to be a suitable transferee. NOW THEREFORE, BE IT RESOLVED BY THE FRANCHISE AUTHORITY AS FOLLOWS: |