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R-99-7 <br /> <br />A RESOLUTION APPROVING THE ASSIGNMENT OF THE CABLE <br />TELEVISION FRANCHISE FROM COXCOM, INC., TO COX <br />COMMUNICATIONS HAMPTON ROADS, L.L.C. <br /> <br /> WHEREAS, Cox Communications Hampton Roads, Inc. ("Franchisee") owns, <br />operates and maintains a cable television system ("System") in the City of Portsmouth, <br />Virginia and pursuant to a franchise dated August 13, 1989 (the "Franchise") granted by <br />the City of Portsmouth, Virginia, (the "Franchise Authority"), the Franchisee is the duly <br />authorized holder of the Franchise; and <br /> <br /> WHEREAS, Franchisee and CoxCom, Inc; ("CoxCom") are wholly owned <br />subsidiaries of Cox Communications, Inc. ("CCI"); and <br /> <br /> WHEREAS, CoxCom is the sole member of Cox Communications Hampton <br />Roads, L.L.C. ("Hampton Roads, LLC"). <br /> <br /> WHEREAS, CCI is in the process of consolidating its several subsidiaries to <br />improve operational efficiency and to simplify CCI's organizational structure; and <br /> <br /> WHEREAS, the consolidation entails the merger of the Franchisee with and into <br />CoxCom, with CoxCom as the surviving corporation (the "Merger"); and <br /> <br /> WHEREAS, the City of Portsmouth, by Resolution dated December 17, 1996, <br />approved the Merger; and <br /> <br /> WHEREAS, this consolidation also entails the transfer of the Franchise and all <br />related assets exclusively used in the operation of the System from CoxCom to Hampton <br />Roads, LLC (the "Transfer"); and <br /> <br /> WHEREAS, Franchisee has requested consent of the City for the Transfer and <br />the assignment of the Franchise from CoxCom to Hampton Roads, LLC, to occur <br />immediately following the Merger (the "Assignment") in accordance with the <br />requirements of the Franchise; and <br /> <br /> WHEREAS, the Merger, the Transfer, and the Assignment are deemed to be in <br />the best interests of the residents of the City of Portsmouth, Virginia. <br /> <br /> <br />