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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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NOW THEREFORE, BE IT RESOLVED by the City Council of the City <br />• of LINO LAKES <br />1. That the City hereby approves the sale by Westinghouse of <br />all of the issued and outstanding shares of the capital <br />stock of Group W Cable, Inc. and the transfer of control <br />of Group W Cable, Inc. to the Buyers subject to an actual <br />closing of the stock sale transaction in June, 1986 pursuant <br />to the terms and conditions currently understood by the <br />City as evidenced by the Notice of Transfer to said Commission <br />and City. <br />2. That the approval of the transfer of ownership and control <br />of Group W Cable, Inc. to the Buyers is hereby deemed not <br />to include any approval, either express or implied, as to <br />any subsequent transfer of ownership or control or transfer <br />411 of the Cable Communications Franchise Ordinance to North <br />Central Cable Communications, L.P., or to any other entity <br />or individual. <br />3. That the North Central Cable Communications Commission II <br />continue to review the request of Group W Cable, Inc. regarding <br />a change in control and transfer of the Cable Communications <br />Franchise Ordinance as amended to North Central Cable Communications, <br />L.P. and in the future prepare a separate recommendation <br />for City regarding such change in control and transfer. <br />4. That this approval by City shall be null, void and of no <br />effect should any entity or individual successfully litigate <br />that the approval is also an approval, either express or <br />implied, as to any subsequent transfer of ownership or control <br />• <br />3 <br />
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