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1986-006 Council Resolution
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1986-006 Council Resolution
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Last modified
9/22/2014 4:41:23 PM
Creation date
9/22/2014 3:39:58 PM
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City Council
Council Document Type
Master List Resolution
Meeting Date
05/12/1986
Council Meeting Type
Regular
Resolution #
86-006
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STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF LINO LAKES <br />RESOLUTION NO.86- O6APPROVING <br />THE TRANSFER OF OWNERSHIP <br />OF GROUP W CABLE, INC. <br />WHEREAS, Group W Cable, Inc., a New York Corporation (hereinafter <br />"Group W Cable "), by and through Group W Cable of the North <br />Central Suburbs, Inc., a wholly -owned subsidiary, owns, <br />operates and maintains a cable television system in the <br />City pursuant to the terms and conditions of City Ordinance <br />No.83 -08 (hereinafter "Cable Communications Franchise Ordinance "); <br />and <br />WHEREAS, Group W Cable's parent corporation, Westinghouse Broadcasting <br />and Cable, Inc., an Indiana Corporation (hereinafter "Westinghouse ") <br />desires to sell and otherwise transfer all of the issued <br />and outstanding shares of the capital stock of Group W <br />Cable to Century Southwest Cable Television, Inc., a Delaware <br />Corporation; TCI Holdings, Inc., a Colorado Corporation; <br />American Television and Communications Corporation, a Delaware <br />Corporation; and affiliates of, or subsidiaries or partnerships <br />owned or controlled by, Houston Industries Incorporated, <br />a Texas Corporation, Comcast Corporation, a Pennsylvania <br />Corporation, Daniels & Associates, Inc., a Delaware Corporation, <br />and American Television and Communications Corporation <br />(hereinafter "Buyers "), and thereby transfer control of <br />Group W Cable to the Buyers; and <br />WHEREAS, Group W Cable has requested the consent from the City <br />to a change in ownership and control of Group W Cable to <br />
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