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Agenda Packets - 1998/05/04
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Agenda Packets - 1998/05/04
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Last modified
1/28/2025 4:47:46 PM
Creation date
6/18/2018 6:00:01 AM
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MV Commission Documents
Commission Name
City Council
Commission Doc Type
Agenda Packets
MEETINGDATE
5/4/1998
Supplemental fields
City Council Document Type
City Council Packets
Date
5/4/1998
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documents referred to therein which are necessary in order to <br /> understand the terms thereof. <br /> 2. A list detailing all documents filed with any state or federal agency <br /> related to the transaction including, but not limited to, the MPUC, <br /> the FCC, the FTC, the FEC, the SEC or MnDOT. Upon request, <br /> Grantee shall provide City with a complete copy of any such <br /> document; and <br /> 3. Any other documents or information related to the transaction as <br /> may be specifically requested by the City. <br /> d. City shall have such time as is permitted by federal law in which to review <br /> a transfer request. <br /> e. The Grantee shall reimburse City for all the legal, administrative, and <br /> consulting costs and fees associated with the City's review of any request <br /> to transfer. Nothing herein shall prevent Grantee from negotiating partial <br /> or complete payment of such costs and fees by the transferee. Grantee may <br /> not itemize any such reimbursement on Subscriber bills, but may recover <br /> such expenses in its subscriber rates. <br /> f. In no event shall a sale, transfer, corporate change, or assignment of <br /> ownership or control pursuant to subparagraph (a) or (b) of this Section be <br /> approved without the transferee becoming a signatory to this Franchise and <br /> assuming all rights and obligations thereunder, and assuming all other <br /> rights and obligations of the transferor to the City including, but not limited <br /> to, any adequate guarantees or other security instruments provided by the <br /> transferor. <br /> g. In the event of any proposed sale, transfer, corporate change, or assignment <br /> pursuant to subparagraph(a) or (b) of this Section, City shall have the right <br /> to purchase the System for the value of the consideration proposed in such <br /> transaction. City's right to purchase shall arise upon City's receipt of <br /> notice of the material terms of an offer or proposal for sale, transfer, <br /> corporate change, or assignment, which Grantee has accepted. Notice of <br /> such offer or proposal must be conveyed to City in writing and separate <br /> from any general announcement of the transaction. <br /> h. City shall be deemed to have waived its right to purchase the System <br /> pursuant to this Section only in the following circumstances: <br /> i. If City does not indicate to Grantee in writing, within sixty (60) <br /> days of receipt of written notice of a proposed sale, transfer, <br /> 29 <br />
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