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SEC Filings

S-4/A
CHARTER COMMUNICATIONS HOLDINGS CAPITAL CORP filed this Form S-4/A on 06/22/1999
Entire Document
 
<PAGE>   348
                    HELICON PARTNERS I, L.P. AND AFFILIATES
 
             NOTES TO COMBINED FINANCIAL STATEMENTS -- (CONTINUED)
 
     The Partnership and affiliates utilizes certain office space under
operating lease agreements which expire at various dates through August 2013 and
contain renewal options. At December 31, 1998 the future minimum rental
commitments under such leases were as follows:
 

<TABLE>
<CAPTION>
YEAR ENDING DECEMBER 31
-----------------------
<S>                                                  <C>
1999.............................................    $  166,825
2000.............................................       142,136
2001.............................................       141,727
2002.............................................       147,912
2003.............................................       151,412
Thereafter.......................................     1,418,017
                                                     ----------
                                                     $2,168,029
                                                     ==========
</TABLE>

 
     Office rent expense was $102,801 in 1996, $203,506 in 1997 and $254,955 in
1998.
 
14.  SUBSEQUENT EVENTS
 
     On March 22, 1999, Helicon Partners I, L. P. (HPI), Baum Investments, Inc.
and all the holders of partnership interests in HPI entered into a purchase
agreement by and among Charter Communications, Inc, Charter Communications, LLC
and Charter Helicon, LLC (collectively the "Charter Entities") providing for the
sale of all such partnership interests and Helicon Corp.'s interest in the
management agreements with THGLP and HPIAC to the Charter Entities. The sale
price is $550 million which amount will be reduced by any outstanding
indebtedness assumed by the Charter Entities.
 
                                      F-164