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Inc. and the transfer of control of Group W <br />Cable of the North Central Suburbs, Inc. to <br />North Central subject to an actual closing of <br />the stock sale transaction on or before <br />December 31, 1986 pursuant to the terms and <br />conditions as evidenced by the Notice of <br />Transfer to said Commission and City and all <br />written representations from North Central <br />associated therewith. _ <br />2. The City approves the pledge by North Central <br />as security to its lenders the stock and <br />assets of North Central and Group W of the <br />North Central Suburbs, Inc. <br />The above listed resolution was moved by Council Member <br />Marier , and duly seconded by Council <br />Member Bisel <br />The following Council Members voted in. .the affirmative: <br />Marier, Bisel, Bohjanen, Benson <br />The following Council Members voted in the negative: <br />None (Mr. Reinert was absent) <br />Passed and adopted this 27th day of October <br />1986. <br />ATTEST: <br />• <br />City Administrator <br />- 3 - <br />