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is an indirect parent of the general partner of TCICP would guarantee TCICP's performance of its franchise obligations; and Continental Cablevision of Massachusetts, Inc. ("CCM"), which is an affiliate of Continental operating in the area of the country in which Continental will be receiving assets from TCICP, would guarantee for one year the obligations of Continental which are not being assumed by TCICP; and such companies would represent and warrant that all provisions of the franchise will be fulfilled (including the new consumer protection and customer service regulations attached hereto as Exhibit B); and TCICP and Heritage would agree that the cable system in the City will be operated at the same capacity and with the same level and quality of service as is currently made available by Continental in the City and as required under the franchise; and WHEREAS, TCICP would by submitting Exhibit A represent by signed writing that it accepts and will abide by the terms and conditions of the franchise, which shall remain in full effect after the transfer; and WHEREAS, Continental and the City properly commenced proceedings during the six month period beginning with the 36th month before franchise expiration pursuant to 47 USC § 546(a) and properly continue to conduct such proceedings with the purpose of considering possible renewal of the franchise; and WHEREAS, Passage of this Ordinance will not in any way alter the City's powers to continue conducting the proceedings under 47 USC § 546(a) (which proceedings shall not be concluded until the City provides written notice of such conclusion to the holder of the franchise) and otherwise conduct formal and informhi franchise renewal proceedings under 47 USC § 546; and WHEREAS, the City is concerned that the transfer will cause a delay in completing proceedings under 47 U.S.C. § 546 due to the change in operators and personnel, and an extension of the franchise expiration date to 11:59 p.m. on June 23, 1997, would eliminate such concerns and Continental and TCICP would by submitting Exhibit A agree to such extension; and WHEREAS, based upon the foregoing information, representations, and circumstances, the City Council has concluded that it is in the best interest of the City and its residents and businesses to grant consent to the transfer of the franchise and extension of the term of the franchise subject to certain conditions including the adoption of new cable television consumer protection and customer service regulations; BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI, AS FOLLOWS: SECTION 1. CONSENT TO TRANSFER. Subject to the conditions set forth herein the City hereby grants its consent to the transfer of the franchise from Continental to .TCICP, and the assumption by TCICP of the obligations of Continental under the franchise which accrue on and after the date of closing of the transfer, provided Continental and TCICP submit to the City Clerk the supplement to their application for consent in the form of Exhibit A signed by all the companies named therein no later than September 9, 1996, and if said companies fail to submit such signed supplement by such date then the request for consent shall be hereby denied for the reasons stated