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a Agenda Section: 9.C <br /> ounos REQUEST FOR COUNCIL CONSIDERATION Report Number: 92-334C <br /> Report Date: 7-2 -97 <br /> nil <br /> EW STAFF REPORT Council Action: <br /> ❑ Special Order of Business <br /> CITY COUNCIL MEETING DATE July 27, 1992 ❑ Public Hearings <br /> ❑ Consent Agenda <br /> J7 Council Business <br /> Item Description: Resolution No. 4263 Approving the Transfer of Ownership of North Central <br /> Cable Communications Corporation <br /> Administrator's Review/Recommendation: <br /> - No comments to supplement this report <br /> - Comments attached. <br /> Explanation/Summary{:. : • :. :. •::-: :••• - :: :gecmasary.) <br /> ,SUMMARY: <br /> Attached is the resolution which the City Council must adopt to give <br /> formal approval of the proposed transfer of ownership of North Central <br /> Cable Communications Corporation to Meredith/New Heritage Strategic <br /> Partners. The transfer of ownership has been approved by the North <br /> Suburban Cable Commission and is now dependent upon the approval of all <br /> participating cities. <br /> Also attached is the Commission's Attorney's opinion on the sale. <br /> According to the Commission, the sale will not fundamentally change the <br /> current status of cable operations or increase the cost of cable <br /> subscriptions. <br /> `til)- , F..." - /. <br /> Samantha Orduno, City Adm nistrator <br /> RECOMMENDATION: <br /> Motion to waive the reading and adopt Resolution No. 4263 Approving the <br /> Transfer of Ownership of the North Central Cable Communications <br /> Corporation <br />