AN ORDINANCE relating to cable television; authorizing the Mayor or the Mayor’s designee to approve the transfer of control, subject to conditions, of WaveDivision I, LLC; authorizing the Mayor or the Mayor’s designee to execute a Cable Franchise Transfer of Controlling Interest Consent Agreement for the purpose of implementing and administering the transfer; and ratifying and confirming certain prior acts.
The report of the Transportation and Utilities Commission. Agenda Item two Council Bill 120043. An ordinance relating to. Cable television authorizing. The mayor or the mayor's designee to approve the transfer of control subject to conditions of Waive Division one LLC. Authorizing the mayor. Or mayor's designee to execute a cable franchise. Transfer of controlling interest consent agreement for the purpose of implementing and administering the transfer and ratifying and confirming certain prior acts. The Committee recommends the bill pass. Thank you so much. Councilmember Peterson is chair of the committee. You were recognized in order to provide the committee's report. Thank you. Council president, colleagues, as I mentioned during our council briefing this morning, this is council 120043, which pertains to one of our city's cable franchise agreements, specifically the Ways Company. This legislation simply has the city consent to the transfer of controlling interest in the parent company of where the city has the cable franchise agreement with Waive Division one LLC and Waive will remain the franchise grantee with the Waive brand and operations continuing as is in Seattle for customers. Seattle Municipal Code Section 21.6 0.110 requires us to consider even partial transfers of parent company ownership for cable franchises, and the federal law has a timeline for this consent. With that deadline approaching soon. Our Seattle Information Technology Department completed a thorough review of the proposed transfer and engaged both financial and legal experts to assist with the analysis. They all recommend approval as part of the approval are having the city receive from the company a strong corporate guarantee and consent agreement, which requires continued performance and service to customers. Seattle City presented all of this to our Transportation and Utilities Committee, and our committee unanimously recommends approval today. Thank you. Thank you so much, Councilmember Peterson. Are there any additional comments? Hearing no additional comments. Will the court please call the role on the passage of the bill? Paris by Louis. I. Morales. Yes. Peterson. Yes. Sergeant. Yes. Strauss. Yes. Herbold. Yes. And Council President Gonzalez. I favor Nipost. The bill passes and the chair will sign it. Will the clerk please affix my signature to the legislation on my behalf? Item three Will the clerk please read item three into the record?