07-27-1992 CC - Laserfiche WebLink

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I BERNICK AND LIFSON A PROFESSIONAL ASSOCIATION ATTORNEYS AT LAW SUITE 1200 THE COLONNADE 5500 WAYZATA BOULEVARD NEAL J.SHAPIRO MINNEAPOLIS,MINNESOTA 55416 'Also ADMITTED IN WISCONSIN SAUL A.BERNICK• .ALSO ADMITTED IN NEBRASKA D.CREIGHTON HTON 'ALSO CERTIFIED PUBLIC ACCOUNTANT THOMAS (612) 546-1200 OREAL PROPERTY LAW SPECIALIST JERRY S D.CREI• AND CIVIL TRIAL SPECIALIST SCOTT A.LIFSON FACSIMILE 1612) 546-1003 CERTIFIED BY PAUL J.QUASI MINNESOTA STATE BAR ASSOCIATION S.TODD RAPP•• THERESA M.KOWALSKI OF COUNSEL JAMES S.FLEMING' ARTHUR J.GLASSMAN PARALEGAL KATHRYN G.MASTERMAN MEMORANDUM TO: Directors, North Suburban Cable Communications Commission FROM: Thomas D. Creighton 0 .57Lt:1 DATE: July 1992 / RE: Request for Approval of Transfer of control of North Central Cable Communication Corporation Please find below a summary and analysis of the proposed transaction regarding a request from North Central Cable Comm- unications Corporation (hereinafter "North Central") to the North Suburban Cable Communications Commission and its member Cities (hereinafter "Commission") to approve the transfer of control of North Central from the current shareholders to Meredith/New Heritage Strategic Partners, L.P. (hereinafter "Meredith") . Please note that the word "Commission" is used throughout this document to represent both the cable commission and the member cities. It is expressly understood that the Commission is serving only in an advisory—capacity--to the member cities, and that the member cities are the franchise holders and the final authorities in any determination regarding approval of the proposed transfer of control. North Central is the parent company of the current franchise holder, Group W of The North Suburbs, Inc. , doing business as Cable TV North Central. The purpose of this report is to provide the Commission with an understanding of the transaction and the standard for reviewing whether to approve it.