Laserfiche WebLink
• <br />• <br />enforce the Cable Communications Franchise Ordinance on <br />behalf of City pursuant to the terms of a Joint and Coopera- <br />tive Agreement for the Administration of a Cable Television <br />Franchise; and <br />WHEREAS, the Commission has held a public hearing on <br />behalf of City and has reviewed the legal, technical, and <br />financial qualifications of North Central and finds no rea- <br />sonable basis to deny the request for transfer as a result <br />of said review; and <br />WHEREAS, the Commission has recommended to City approval <br />of the transfer of control of Group W Cable of the North <br />Central Suburbs, Inc. to North Central subject to the actual <br />closing of the stock sale; and <br />WHEREAS, the Commission has also recommended approval of <br />a request by North Central to permit the pledge as security <br />to its lenders the stock and assets of North Central and its <br />subsidiaries, which would include Group W Cable of the North <br />Central Suburbs, Inc.; <br />WHEREAS, the City does not object to such security <br />interest in the stock and assets. <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the <br />City of Lino Lakes <br />1. That the City hereby approves the sale by <br />Group W Cable, Inc. of all of the issued and <br />outstanding shares of the capital stock of <br />Group W Cable of the North Central Suburbs, <br />