Executive/Council Action Form (ECAF)
ITEM TITLE:
Title
Motion 25-138, approving transfer of control of the telecommunications franchise granted to Ziply Fiber Northwest, LLC by Ordinance No. 23-059 from Northwest Fiber Holdco, LLC to BCE Holding Corporation
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DEPARTMENT: Public Works
ORIGINATOR: Mary Madole
EXECUTIVE RECOMMENDATION: Ken Klein 3/5/25
PURPOSE: Motion approving transfer of control of the telecommunications franchise granted to Ziply Fiber Northwest, LLC by Ordinance No. 23-059 from Northwest Fiber Holdco, LLC to BCE Holding Corporation.
BACKGROUND: Snohomish County granted a telecommunications franchise to Ziply Fiber by Ordinance 23-059 on July 12, 2023, which expires on August 10, 2043. The parent company of Ziply Fiber, Northwest Fiber Holdco, entered into a Merger Agreement with BCE Holding Corporation on November 1, 2024, under which BCE Holding will become the indirect owner Ziply Fiber. Franchises granted by the County may not be transferred without the prior written consent of the County Council. Ziply Fiber has a separate cable franchise that was granted by Ordinance 24-034 and intends to provide the County with proper notice of its early termination on or before closing of the Merger Agreement. The proposed motion will provide the required written consent of the County Council to the transfer of the telecommunications franchise granted by Ordinance 23-059 from Ziply Fiber to BCE Holding with the condition that the cable franchise held by Ziply is either terminated or transferred on or before closing of the Merger Agreement.
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DEPARTMENT FISCAL IMPACT NOTES: There are no fiscal implications associated with the transfer of the Franchise.
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OTHER DEPARTMENTAL REVIEW/COMMENTS: Reviewed/approved by: Finance (Nathan Kennedy 3/3/25)