Loading...
HomeMy WebLinkAbout7.F. Review of Franchise Transfer Application from Comcast Corporation General Business 7. F. SH 1KOPEF TO: Mayor and City Council Mark McNeill,City Administrator FROM: Kris Wilson,Assistant City Administrator DATE: 06/24/2014 SUBJECT: Review of Franchise Transfer Application from Comcast Corporation Action Sought The Council is asked to authorize the appropriate officials to enter into the attached Engagement Agreement with Moss&Barnett for the review of the cable franchise transfer application received from Comcast Corporation. Background Several weeks ago it was announced in the media that Comcast Corporation is divesting itself of cable systems in Minnesota in order to strengthen its efforts to obtain FCC approval for the purchase of Time Warner. Comcast is looking to transfer all of its cable franchise agreements in the Twin Cities metropolitan area to a newly formed, independent company called Midwest Cable,Inc. This new company will be partially owned by Charter Communications, a cable company that serves many non-metro cities such as Rochester,Mankato, St. Cloud, Duluth,etc. It is expected that Midwest Cable will enter into a contract arrangement with Charter to manage the systems acquired from Comcast. Last week the City received the official notification and request to transfer the franchise(see attached). The City has 30 days to determine whether Comcast's application is complete and 120 days to review and make a ruling on the application. The City's review is to determine whether Midwest Cable,Inc.has the legal,technical and financial wherewithal to provide quality service to the City's residents. This is a technical and highly specialized topic,which the City last went through in 2005 with the transfer of our franchise from Time Warner to Comcast. Therefore,staff is recommending that the City retain the services of Brian Grogen of the law firm Moss&Barnett to guide our review of the transfer application. Mr.Grogen recently completed a franchise fee audit of Comcast on behalf of the City and is very well versed in the issues of cable franchising. Additionally,Moss&Barnett will be representing numerous cities in the metro area who have received the same transfer application from Comcast. This will allow for some cost sharing for items such as a financial analysis of the new Midwest Cable,Inc. As part of his representation, Mr. Grogen will present his findings to the City Council and make recommendations as to how the City might proceed. This is likely to be sometime in September. Recommendation I recommend that the City retain the services of Moss&Barnett to review the franchise transfer application received from Comcast Corporation. Budget Impact The initial cost estimate from Moss&Barnett is a not to exceed amount of$7,500. Depending on Comcast's level of cooperation, a larger amount could be needed before the review is complete. The Telecommunications Division budget has only$3,000 allocated for attorney's fees,but additional funds should be available in the larger Administration Department budget and/or the Council's unallocated line. Relationship to Vision This item relates to Goal B: Positively manage the challenges and opportunities presented by growth,development and change. Requested Action The Council is asked to authorize the appropriate officials to enter into the attached Engagement Agreement with Moss&Barnett for the review of the cable franchise transfer application received from Comcast Corporation. Attachments: Letter from Comcast Engagement Agreement with Moss&Barnett OldOne Comcast Center CO A A C A S T Philadelphia,Pennsylvania 19103 i June 17,2014 John Peterson City Administrator City of Shakopee 129 Holmes Street South Shakopee,MN 55379 Re: Comcast Corporation/Ndwest Cable,Inc.Transaction Dear Mr.Peterson: As you may have read,Comcast Corporation("Comcast"),the ultimate parent of the entity holding the cable franchise in your community,is divesting its ownership of certain cable systems in connection with its acquisition of Time Warner Cable. Pursuant to an agreement with Charter Communications,Inc.("Charter"),Comcast will spin off a new,independent company,which will become Midwest Cable,Inc.("Midwest Cable,"currently known as"SpinCo"),a publicly traded company that will be the ultimate owner of your franchise. Upon completion of the transaction,Comcast shareholders(but not Comcast itself)will own approximately two-thirds(2/3)of Midwest Cable,and Charter will own approximately one-third(1/3)of Midwest Cable. As a preliminary matter,Comcast will undertake,certain pro forma internal restructurings,and your cable franchisee will become Comcast of Minnesota,LLC,(still remaining entirely under the ownership and control of Comcast). Immediately thereafter,in connection with the spin-off,your cable franchisee will become an indirect, wholly-owned subsidiary of Midwest Cable. With over 2.5 million cable customers,Midwest Cable will begin operations as the fifth largest cable television provider in the United States. Moreover,Midwest Cable's strategic regionalized footprint will allow for a focused and efficient delivery of high quality and innovative services to its customers. Midwest Cable will be led by President and CEO Michael Willner,a 40-year cable industry leader and the co-founder and former CEO of Insight Communications. Further,Midwest's Cable's Board of Directors will include leading communications industry executives and innovators,with current Charter Communications CEO Tom Rutledge serving as Board Chairman. In addition,through a services agreement with Charter,Midwest Cable will be able to take advantage of Charter's expertise in technology and provision of services. If you determine that your consent is not required for this transaction to proceed,you need not take any further action. If,however,you believe your consent is necessary,we have provided copies of the Federal Communications Commission's("FCC')Form 394,other information,and a draft consent resolution to help facilitate the consent process. • FCC Form 394. FCC Form 394(required copies enclosed)is designed to provide you with the relevant information needed to assess the financial,legal,and technical qualifications of Midwest Cable to be the ultimate parent entity of your cable franchisee. • Timing. According to the FCC's rules,where consent is required,you have a maximum of 120 days from the date you receive this information to review all materials and act upon our request for consent to the transaction. (Please note,your franchise may specify a shorter time frame.) • Consent Resolution. Should you choose to affirmatively consent to the transaction,we have enclosed a draft consent resolution to be used to help expedite the consent process. We would request that a consent resolution,if needed,be placed on your agenda for consideration at your earliest convenience. We invite you to visit the"Recent Official Transaction Communications"section of http://corporate.comcast.com/twctransaction/official-filings-together for additional information about the transaction. If you have any questions about the FCC Form 394,the consent resolution,or any of the enclosed documents,please give me a call at(215)286-5585,send an email to klay_fennell@comcast.com,or send a facsimile to(215)286-8408. You may also contact Mark Brown,Vice President,Government Affairs,at Charter by phone at(202)621-1900,by email at mark.brown@,chartercomcom,or by facsimile at(202)733-5960. Sincerely, Klayton F.Fennell Vice President,Government Affairs Attachment and Enclosures ENGAGEMENT AGREEMENT This Engagement Agreement sets forth the agreement between the City of Shakopee, Minnesota ("City's and Moss & Barnett, A Professional Association ('Moss & Barnett' , concerning legal representation regarding the proposed transfer of the cable franchise currently held by Comcast Communications ("Comcast'). For purposes of this representation, Moss & Barnett understands that its client is the City not any of its individual officers, agents or employees or any other entity. A. The scope of the engagement is to assist the City in reviewing FCC Form 394 regarding the proposed transfer of the City's cable system from Comcast to Midwest Cable, Inc. This representation will include analyzing the legal, technical and financial qualifications of Midwest Cable, Inc. and preparing a written report for the City which will include a draft resolution for the City Council's consideration. The anticipated total fees for the above described task are estimated not to exceed Seven Thousand Five Hundred and No/100 Dollars ($7,500). B. If additional services and costs are required beyond those set forth in paragraph A. above, Moss & Barnett's 2014 hourly rates for communications work on behalf of municipal clients shall apply as follows: $165/hour for paralegal work and $435/hour for senior shareholder work. Moss & Barnett generally finds that the average hourly rate for municipal franchise renewal work is approximately $295/hour. Our billing rates are subject to change from time to time, generally in January of each year. Moss & Barnett will confer with the City prior to incurring costs in excess of the above estimate. C. Moss & Barnett will represent the City with Brian Grogan as the primary attorney responsible for all services. While other professionals at Moss & Barnett may perform services on the City's behalf in connection with the services referenced above, it is understood and agreed that Brian Grogan will not be removed or replaced as the primary and responsible attorney for all services without the prior written consent of the City. Moss & Barnett will use its best judgment to determine the most economical use of its attorneys and staff personnel. D. The City will receive an itemized statement of its account from Moss & Barnett on a monthly basis, which summarizes the services rendered, and the costs and expenses incurred on the City's behalf. Moss & Barnett reserves the right to increase the hourly rates of any attorneys and staff. Such increases will, however, not be implemented without the prior approval of the City. Time is billed by the one-tenth of an hour, which is the minimum time charged for any service. Billed time includes all time spent on the City's behalf in connection with the matter referenced above, including conferences, telephone calls, drafting and reviewing of documents and memoranda, preparing and reviewing of 2513393v1 correspondence, negotiations, legal research, interoffice conferences, and travel to and from locations away from the office. E. The City will reimburse Moss & Barnett for all reasonable and necessary costs and expenses which we incur on the City's behalf. These costs and expenses include charges for subcontractors working on the City's behalf, photocopying, delivery and messenger services, WESTLAW, travel, mileage, food and lodging. F. The periodic statement of account which the City will receive from Moss & Barnett will include a brief description of activity on the matter. We do not itemize all specific services rendered on a particular date. The City will contact Moss & Barnett in writing within thirty (30) days of receipt of its statement if the City has a question regarding any charges on its statement. If Moss & Barnett does not hear from the City, it will assume that there are no questions or problems. G. All balances on the City's account are due thirty (30) days after the date of the statement. Interest at the legal rate shall accrue on the unpaid balance of the City's account from the due date. H. Moss & Barnett is a general service law firm that the City recognizes has represented, now represents, and will continue to represent numerous clients nationally and internationally, over a wide range of industries and businesses and in a wide variety of matters. Given this, without a binding conflict waiver, conflicts of interest might arise that could deprive the City or other clients of the right to select this firm as their counsel. Thus, as an integral part of the engagement, the City agrees that Moss & Barnett may, now or in the future, represent other entities or persons, including in litigation, adverse to the City on matters that are not substantially related to (a) the legal services that we have rendered, are rendering, or in the future will render to the City under the engagement and (b) other legal services that we have rendered, are rendering, or in the future will render to the City (an "'Allowed Adverse Representation'. The City also agrees that it will not assert that either (a) this firm's representation of the City in any past, present, or future matter or (b) this firm's actual, or possible, possession of confidential information belonging to the City is a basis to disqualify this firm from representing another entity or person in any Allowed Adverse Representation. The City agrees that any Allowed Adverse Representation does not breach any duty that this firm owes to the City. I. Moss & Barnett assures that its services will be accomplished in a timely manner and with the cooperation and assistance of the City. In this regard, the City agrees to designate a contact whom Moss & Barnett will contact and who will regularly review, discuss, and meet with Moss & Barnett regarding the services provided, the time for performance of the services, and to assist in arranging 2 2513393v1 meetings, conferences, and other arrangements with City personnel to facilitate the performance of services by Moss & Barnett and to ensure that all information and issues required for review by the City are made available to Moss & Barnett. The City designates John Peterson, Telecommunications Coordinator, as its contact person for this project. J. This Agreement may be terminated for any reason by either the City or Moss & Barnett upon giving thirty (30) days written notice to the other. If such notice is given to Moss & Barnett, it shall immediately cease work. All fees and costs incurred to the date of receipt of the notice will be paid to Moss & Barnett. Otherwise, there shall be no further liability to the City. K. Although Moss & Barnett is not required to do so, it is Moss & Barnett's policy to retain files for ten (10) full calendar years after a file has been closed. Files will thereafter be destroyed unless the City specifically directs us otherwise. If the City wishes all or a part of the City's file returned to the City, please notify Moss & Barnett as soon as possible. All reasonable steps will be taken to preserve confidential communications and secrets from disclosure to third parties. L. This Agreement contains all of the terms of the services and financial arrangement between the City and Moss & Barnett and can only be modified by a written document signed by both parties. MOSS & BARNETT, A Professional Association By: Brian T. Grogan, Esq., Shareholder Dated: 12014 CITY OF SHAKOPEE, MINNESOTA By: Its: Dated: 12014 3 2513393v1