2011-03 CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: ,January 24, 2011 RESOLUTION NO: 2011 -03
MOTION BY: McDonald SECONDED BY: Laufenburger
A RESOLUTION ACKNOWLEDING TRANSACTION
WHEREAS, The City of Chanhassen, Minnesota ( "Franchising Authority ") granted a cable
television Franchise to Mediacom Minnesota LLC ( "Franchisee "); and
WHEREAS, Franchisee has informed the City that on November 12, 2010, the ultimate parent of
Franchisee, Mediacom Communications Corporation ( "Mediacom "), executed an Agreement and Plan of
Merger (the "Merger Agreement ");
WHEREAS, Franchisee has informed the City that under the term as of the Merger Agreement,
JMC Communications LLC, an entity owned and controlled by Mediacom's Chairman and CEO, Rocco
Commisso, will be merged with and into Mediacom and Mediacom shall survive the merger (the
"Transaction ");
WHEREAS, Franchisee has informed the City that as a result of the Transaction, all of Mediacom's
shares held by the public shareholders will be purchased by Mr. Commisso who will then be the sole owner
of Mediacom;
WHEREAS, Franchisee has informed the City that immediately before and after the Transaction,
Mr. Commissio will control Mediacom; and
NOW, THEREFORE, BE IT RESOLVED BY FRANCHISING AUTHORITY:
Section 1. The Franchising Authority hereby acknowledges the Transaction and does not object to
it.
Passed and adopted by the Chanhassen City Council this 24th day of January 24, 2011.
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dd Gerhardt, City Manager Thomas A. Furlong, Mayor
YES NO ABSENT
Furlong None None
Ernst
Laufenburger
McDonald
Tjornhom
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