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86-114
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86-114
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8/9/2005 11:51:51 AM
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8/9/2005 10:27:55 AM
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<br />~ <br /> <br />., <br /> <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />RESOLUTION NO. 86-1l4APPROVING <br />THE TRANSFER OF OWNERSHIP OF GROUP W CABLE <br />OF THE NORTH SUBURBS, I NC . <br /> <br />WHEREAS, Group W Cable, Inc" a New York Corporation <br />(hereinafter "Group W Cable"), by and through Group W Cable <br /> <br />of the North Suburbs, Inc., a wholly-owned subsidiary, owns, <br /> <br />operates and maintains a cable television system in the City <br />pursuant to the terms and conditions of City Ordinance No. <br />500 (hereinafter "Cable Communications Franchise <br /> <br />Ordinance"): and <br /> <br />WHEREAS, Group W Cable desires to sell and otherwise <br /> <br />transfer all of the issued and outstanding shares of the <br /> <br />capital stock of Group W Cable of the North Suburbs, Inc. to <br /> <br />North Central Cable Communications Corporation (hereinafter <br /> <br />"North Central") and thereby transfer control of Group W <br /> <br />Cable of the North Suburbs, Inc., to North Central: and <br /> <br />WHEREAS, Group W Cable has requested the consent from <br /> <br />the City to a change in ownership and control of Group W <br /> <br />Cable of the North Suburbs, Inc., to North Central; and <br /> <br />WHEREAS, the North Suburbs Cable Commission (hereinafter <br /> <br />"Commission") has been delegated the authority and responsi- <br /> <br />bility to coprdinate, administer and enforce the Cable Com- <br /> <br />munications Franchise Ordinance on behalf of City pursuant <br /> <br />to the terms of a Joint and Cooperative Agreement for the <br /> <br />Administration of a Cable Television Franchise: and <br /> <br />"', <br /> <br />//~ <br />
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