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• <br /> <br />• <br />NOW. THEREFORE, BE IT RESOLVED by the City Council of the <br />City. of Falcon Heights <br />1. That the City .hereby approves ..the sale by Westinghouse <br />of all of the issued and outstanding shares of the <br />capital stock of Group W Cable, Inc. and the transfer <br />of control of Group W Cable, inc. to the Buyers subject <br />to an actual closing of the stock sale transaction <br />in June, .1986, pursuant to the terms and conditions <br />currently understood by the City as evidenced by the <br />Notice of Transfer., and other information and documents, <br />.provided to said Commission and City. <br />2. That the appr <br />control of Grog <br />deemed not to <br />or implied, as <br />or control of <br />of the North <br />Cou~aunications <br />communications <br />Communications, <br />individual. <br />oval of the transfer of ownership and <br />ip W Cable, Inc. to the Buyers is hereby <br />include any approval, either express <br />to any subsequent transfer of ownership <br />Group W - Cable, -3nc: - or -group W Viable ______ <br />Suburbs, Inc. or transfer of the Cable <br />Franchise Ordinance or related cable <br />.system to North Central Cable <br />L.P., or to .any other entity or <br />3. That .this approval is specifically. conditioned upon <br />payment in full prior to an actual closing of the stock <br />sale transaction in June, 1986, of all expenses incurred <br />by Commission and City related to the .Request for <br />Approval of Transfer dated February 4, :1986, including <br />those related expenses incurred prior to receipt thereof, <br />but incurred in preparation for the receipt of the <br />Request for Approval. <br />-3- <br />