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HomeMy WebLinkAboutResolution - 2005-67 - Assignment of KMC Telecom Agreement - 05/03/2005 CITY OF EDEN PRAIRIE HENNEPIN COUNTY, MINNESOTA RESOLUTION NO. 2005-67 WHEREAS, KMC Telecom, Inc. ("KMC") and the City of Eden Prairie, Minnesota(the "City") entered into an Encroachment Agreement ("Agreement")which took effect June 3, 1997 with an initial expiration date of June 2, 2002,with an automatic renewal for an additional five years on June 3, 2002 and with the automatic renewal period expiring on June 2, 2007. As a result of a pending Asset Purchase Agreement initiated by CenturyTel Acquisitions LLC ("CenturyTel") d/b/a KMC Telecom III to purchase the network assets of KMC in Eden Prairie, KMC has notified the City of its intent to transfer and assign the rights and obligations of KMC to CenturyTel and has requested the consent of the City to transfer those rights and obligations pursuant to the Agreement; and WHEREAS, KMC represents to the City that CenturyTel and KMC have jointly filed an application for the transfer of assets and customers from KMC Telecom III LLC (f/k/a KMC Telecom, LLC; KMC Telecom III, Inc.), a wholly owned subsidiary of KMC Telecom Holdings, Inc. to KMC Telecom III LLC, a wholly owned subsidiary of CenturyTel Acquisition, LLC, at the Minnesota Public Service Commission pursuant to Minnesota Statute 237.74(12); and WHEREAS, KMC represents to the City that CenturyTel is qualified to provide the same services that KMC has been providing in Eden Prairie; and WHEREAS, CenturyTel represents to the City that it agrees to adhere to all applicable provisions of the Agreement; and WHEREAS, KMC and CenturyTel's represent to the City that CenturyTel's acquisition of and continued operation of KMC's network assets in the City of Eden Prairie will result in positive benefits for the Eden Prairie community in that it will promote local exchange competition. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Eden Prairie that consent to the transfer and assignment of the rights and obligations of KMC pursuant to the terms of the Encroachment Agreement to CenturyTel is hereby granted. BE IT FURTHER RESOLVED that this Consent shall become effective as of the date of the closing of the Asset Purchase of KMC Telecom III LLC's assets in Eden Prairie by CenturyTel which is anticipated to be on or near June 30, 2005. In the event that the Asset Purchase is not closed before or within ninety(90) after June 30, 2005, this Consent shall be null and void. ADOPTED by the City Council of the City of Eden Prairie this 3rd day of May, 2005. N T -L ns Mayor ATTEST: i e2 Ka een Porta, City Clerk ACCEPTED AND AGREED TO: KMC and CenturyTel's acknowledge that the representations contained in the above Resolution are true and correct ccKMC" Signature Marva Brown Johnson Print Name Vice-President and Senior Counsel Title Date "CenturyTel" Signature Print Name Title Date 05/04/05 12:00 FAX 6123496292 GREGERSON ROSOW JOHNSON IA006 ACCEPTED AND AGREED TO: f6c* Signature JS e a Brown Johnson Print Name Print Name Vice-President and Senior Counsel Title Title Date Date JnturyT 1" //p S.i lure 4A Print Nalm!e 6-1 lJ c �el Title Date