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Board consents to assignment of 2012 rights‑of‑way agreement to Lightpath Fiber Infrastructure LLC
Summary
The board approved a resolution consenting to Cablevision/Lightpaths assignment of the township rights‑of‑way agreement (dated 11/08/2012) to Lightpath Fiber Infrastructure LLC and authorized the mayor and clerk to execute consent documents; resolution takes effect on adoption.
The board reviewed and approved a resolution consenting to an assignment of the township's 2012 rights‑of‑way use agreement from Cablevision Lightpath LLC to Lightpath Fiber Infrastructure LLC as part of a financing arrangement.
Meeting materials state the assignee will assume all duties and liabilities under the existing agreement and that the assignment does not change the agreement's terms. The resolution authorizes the mayor and township clerk to execute the consent and requests a certified copy be forwarded to Lightpath and the assignee's counsel. Commissioners recorded affirmative votes during the motion.
The resolution notes the assignment is in the township's best interest and takes effect immediately upon adoption; it also clarifies that the consent applies solely to the described assignment and does not release the assignor from prior liabilities.
