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RESOLUTION NO. 2010 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STAFF. OF MINNESOTA <br />RESOLUTION APPROVING TUF, TRANSFER OF OWNERSHIP OF GROUP W <br />CABLE, INC.. <br />WHEREAS, Group W Cable, Inc., a New York Corporation <br />(hereinafter "Group W Cable"), by and through Group W Cable <br />of the North Suburbs, Inc., a wholly -owned subsidiary, owns, <br />operates and maintains a cable television system in the City <br />pursuant to the terms and conditions of City Ordinance No. <br />319 (hereinafter "Cable Communications Franchise <br />Ordinance"); and <br />WHEREAS, Group W Cable's parent corporation, Westing- <br />house Broadcasting and Cable, Inc., an Indiana Corporation <br />(hereinafter "Westinghouse"), desires to sell and otherwise <br />transfer all of the issued and outstandinq shares of the <br />capital stock of Group W Cable to Century Southwest Cable <br />Television, Inc., a Delaware Corporation; TCI Holdings, <br />Inc., a Colorado Corporations American Television and <br />Communications Corporation, a Delaware Corporation, and <br />affiliates of, or subsidiaries of partnerships owned or <br />controlled by, Houston Industries Incorporated, a Texas <br />Corporation; Comcast Corporation, a Pennsylvania <br />Corporation; and Daniels 6 Associates, Inc., a Delaware <br />Corporation; (hereinafter "Buyers"), and thereby transfer <br />control of Group W Cable to the Buyers; and <br />WHEREAS, Group W Cable has requested the consent from <br />the City to a change in ownership and control of Group W <br />Cable to the Buyers and the transfer of ownership and <br />control and ultimate transfer of the Cable Communicetions <br />Franchise Ordinance as amended to North Central Cable <br />Communications, L.P.; and <br />WHEREAS, the North Suburban Cahle Commission (here- <br />inafter "Commission") has been deiegated the authority and <br />responsibility to coordinate, administer and enforce the <br />Cable Communications Franchise Ordinance on behalf of the <br />City pursuant to the terms of a .Toint and Cooperative <br />Agreement for the Administration of a Cable Television <br />Franchise; and <br />WHEREAS, the Commission has held a public hearing on <br />behalf of the City and has reviewed the legal, technical, <br />and financial qualifications of Buyers and found them <br />adequate to own and operate Group W Cable; and <br />