Res 2000-24 RESOLUTION NO. 24-2000
A RESOLUTION ESTABLISHING A PUBLIC HEARING FOR MARCH 20,2000,TO
ASSESS THE EFFECT OF THE PROPOSED TRANSFER OF OWNERSHIP BETWEEN
TIME WARNER INC.AND AMERICA ONLINE,INC.
WHEREAS, the City of Fridley received a letter from Time Warner Cable explaining the
proposed merger between Time Warner Inc. and America Online, Inc.; and
WHEREAS, the letter was received on February 9,2000; and
WHEREAS, the merger by acquisition or otherwise of a cable franchise holder in the City of
Fridley would constitute a transfer of the ownership of that franchise, even if the nominal
franchise holder would remain the same; and
WHEREAS, under federal law, the City has 120 days from the date of receiving the letter to act
upon the transfer request. Failure to act within that time serves as an approval of the transfer
request; and
WHEREAS, Minnesota State Statute 238.083 requires that the City either approve the transfer
request within thirty (30) days of receiving the letter or determine the need for a public hearing;
and
WHEREAS, it is common for cities to hold a public hearing at the time of a transfer of control in
order to fully assess whether the transaction will have an adverse effect on the City's cable
television subscribers;
NOW THEREFORE, BE IT RESOLVED that the City of Fridley intends to hold a public
hearing on March 20, 2000, to further assess the effect of the proposed transfer on the City's
cable television subscribers.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 6Th
DAY OF MARCH,2000.
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ATTEST:
DEBRA A. SKOGEN- Y CLERK
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