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WHEREAS, the existing franchise expires on July 10, 2002; and <br /> WHEREAS, the City and AT&T are negotiating a new franchise, which franchise may <br /> be adopted and may be in effect prior to the closing of the Transactions; and <br /> WHEREAS, the City, Franchisee, AT&T, Comcast, Resulting Entity, and AT&T <br /> Comcast intend this consent to apply to such franchise as is in effect at the time the <br /> Transactions close; <br /> NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: <br /> Section 1. The City hereby consents to the Transactions in accordance with the <br /> terms of applicable law, subject to the conditions stated below. <br /> Section 2. By consenting to the Transactions,the City does not waive or release any <br /> rights of the City in and to the streets, nor does the City waive or release any claim or issue it may <br /> have, known or unknown, now or in the future, against the Franchisee or any successor or Resulting <br /> Entity. <br /> Section 3. This Ordinance, and the City's consent to the Transactions, shall be <br /> effective upon the later to occur of: (a)the closing of all the Transactions; and (b) the filing by the <br /> Resulting Entity of a written and acknowledged unconditional acceptance and promise to comply <br /> with all provisions,terms and conditions of the franchise in effect at the time all Transactions are <br /> Ordinance Consenting to Cable Television Franchisee's Change of Control and Internal <br /> Restructuring <br /> Page 3 of 4 <br />