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86-050
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Resolutions 1986
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86-050
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8/9/2005 1:54:10 PM
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8/9/2005 11:45:12 AM
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<br />WHEREAS, Group W Cable has requested the consent from the <br />City to a change in ownership and control of Group <br />W Cable to the Buyers and the transfer of ownership <br />and control and ultiimte transfer of the Cable <br />Communications FranchisE Ordinance as amended to North <br />Central Cable Communicatons, L.P.; and <br /> <br />WHEREAS, the North Suburban Cable Commission (hereinafter <br />"Commission") has beer delegated the authority and <br />responsibility to coorJinate, administer and enforce <br />the Cable Communicatior.,; Franchise Ordinance on behalf <br />of City pursuant to the ~erms of a Joint and Cooperative <br />Agreement for the Admi: tstration of a Cable Television <br />Franchise; and <br /> <br />WHEREAS, the Commission has :>ld a public hearing on behalf <br />of City and has revi Ned the legal, technical, and <br />financial qualificatic s of Buyers and found them <br />adequate to own and ope: ate Group W Cable; and <br /> <br />WHEREAS, the Commission has recommended to City approval <br />of the transfer of cont ~ol of Group W Cable to Buyers <br />subject to the actual closing of the stock sale in <br />June, 1986; and <br /> <br />WHEREAS, the Commission and City have been advised by Group <br />W Cable and the Buyers that the approval of such stock <br />transfer to Buyers shall in no way be interpreted <br />as an approval, either express or implied, of the <br />transfer of ownership and control and ultimate transfer <br />of the Cable Communications Franchise Ordinance to <br />North Central Cable Communications, L.P. <br /> <br />-2- <br />
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