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HomeMy WebLinkAboutResolution No. 65750 RESOLUTION NO. 6575 0 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA APPROVING A CHANGE OF BUSINESS FORM FOR CABLE SERVICE OF AZUSA WHEREAS, the City Council enacted Ordinance No. 1092 awarding a franchise to Cable Service of Azusa, Inc., a corporation to construct and operate a cable television system within the City; and WHEREAS, operation of the cable antenna television system within the City under a corporate form would not be as advantageous from a tax point of view to the operator as would be a sole proprietorship; and WHEREAS, Cable Service of Azusa has requested City Council approval under the provisions of Section 14.06.04 of Ordinance No. 1077 for the substitution of a sole proprietorship in place of a corporation for the operation of the cable antenna television system; and WHEREAS, the sole proprietorship form of business operation for the cable antenna television system will provide for greater flexibility and tax advantages to the operator; and WHEREAS, the proposed sole proprietorship form of Cable Service of Azusa has complied with the provisions of Sections 14.08.01 and 14.08.02 of Ordinance No. 1077 and of Section 8 of Ordinance No. 1092 and has supplied evidence of financial responsibility and capability and certificates of insurance and performance bond as required by Title 14 of the Municipal Code and Azusa Ordinance No. 1092. NOW, THEREFORE, the City Council of the City of Azusa does resolve as follows: SECTION 1. The operation of the cable antenna television system as a sole proprietorship in lieu of a corporation is approved by the City Council and said sole proprietorship Cable Service of Azusa shall and in all other manners operate in accordance with Title 14 and Ordinance No. 1092 of the Azusa Municipal Code. SECTION 2. The City Clerk shall certify to the adoption of this Resolution. ADOPTED AND APPROVED THIS 19th day of September, 1977. 0 I hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Azusa, at a regular meeting thereof held on the 19th day of September, 1977, by the following vote of the Council: AYES: Councilmen: Decker, Fry, Cruz, Arkison, Solem NOES: Councilmen: None ABSENT: Councilmen: None -2- 1W AdolpT Solis, City Clerk