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2003_Resolutions
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2003_Resolutions
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I . Each and every whereas clause is incorporated herein and deemed to be a finding <br />• by Council. <br />2. In consideration of a payment of $21,632.00 by Adelphia to the City and for <br />Adelphia's agreement (a) not to pass through any of this payment to subscribers either via <br />a line item on subscribers bills or as an external cost on any FCC rate regulation forms <br />and (b) not to deduct any portion of the payment from past, present or future franchise fee <br />payments to be made to the City, the City will waive its right to fully enforce the findings <br />of the Lewis Report. <br />3. The parties recognize that this settlement is subject to approval of the Bankruptcy <br />Court and, in the event approval is not granted, the City reserves its right to fully enforce <br />the findings of the Lewis Report and to seek full reimbursement for the $41,037.00 of <br />unpaid franchise fees owed to the City plus accrued interest. <br />4. This Resolution shall become effective upon the occurrence of both all of the <br />following conditions: <br />(1) The Resolution being passed and adopted by the City Council; and <br />(2) Adelphia's acceptance of the settlement as described in paragraph 2, above, <br />provided Adelphia (a) submits the settlement agreement with any other <br />required documentation for processing to seek approval from the Bankruptcy <br />• Court within fifteen (15) days from the date this Resolution is passed and <br />adopted, and (b) makes payment to the City in the full amount of $21,632.00 <br />within twenty-one (21) days from the date this settlement is approved by the <br />Bankruptcy Court; and <br />(3) Approval of the settlement by the Bankruptcy Court. <br />Adopted this I" day of December, 2003. <br />Cler of City Council, Charlottesville, Virginia <br />We hereby acknowledge the foregoing Resolution and settlement and we do <br />hereby accept the terns of the Resolution and agree to be bound by the terms of the <br />settlement in accordance with the terms of the Resolution. <br />ADELPHIA COMMUNICATIONS CORPORATION <br />Un <br />0 <br />Date: <br />
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