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• RESOLUTION <br />APPROVING TRANSFER OF CABLE FRANCHISE <br />FROM MULTI -CHANNEL TV CABLE COMPANY <br />TO ADELPHIA COMMUNICATIONS CORPORATION. <br />WHEREAS, Multi -Channel TV Cable Company <br />("Multi -Channel") owns the Cable Television Franchise <br />for the City of Charlottesville ("City") and has advised <br />the City that its sole shareholder has entered into an <br />agreement wherein Adelphia Communications Corporation <br />will acquire all of the stock of Multi -Channel; <br />WHEREAS, Multi -Channel has requested approval from <br />the City for the proposed transaction pursuant to the <br />terms of the franchise agreement; and <br />WHEREAS, Adelphia Communications Corporation has <br />agreed that it will continue to be bound by the terms <br />and conditions of the franchise after its transfer from <br />Multi -Channel; now, therefore, <br />BE IT RESOLVED that the City of Charlottesville <br />. hereby reaffirms the terms and conditions of its <br />franchise and consents to the sale of all of the stock <br />of Multi -Channel to Adelphia Communications Corporation. <br />Approved by Council <br />November 16, 1987 <br />4 41 - <br />*Ce of Council <br />. 87-6-62 <br />