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SEC Filings

S-1
CHARTER COMMUNICATIONS, INC. /MO/ filed this Form S-1 on 07/28/1999
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                    HELICON PARTNERS I, L.P. AND AFFILIATES
 
             NOTES TO COMBINED FINANCIAL STATEMENTS -- (CONTINUED)
 
Principal Owner contributed to THGLP an unsecured, non-interest bearing personal
promissory note in the aggregate principal amount of $24,000,000 (together with
the $6,500,000 note, the "Baum Notes"). The Baum Notes have been issued for the
purpose of THGLP's credit enhancement. Although the Baum Notes are
unconditional, they do not become payable except (i) in increasing amounts
presently up to $19,500,000 and in installments thereafter to a maximum of
$30,500,000 on December 16, 1996 and (ii) at such time after such dates as
THGLP's creditors shall have exhausted all claims against THGLP's assets.
 
13.  COMMITMENTS
 
     The Partnership and affiliates leases telephone and utility poles on an
annual basis. The leases are self renewing. Pole rental expense for the years
ended December 31, 1996, 1997 and 1998 was $609,075, $873,264 and $982,306,
respectively.
 
     In connection with certain lease and franchise agreements, the Partnership,
from time to time, issues security bonds.
 
     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-162