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(the 'Franchises') and system ithe *Systam'), as <br />authorized and required by state law and the iranchises. <br />3. The Commission gave notice slid held a public hearing <br />on April 3, 1986 for the purpose of providing the public <br />with an opportunity to comment on the transaction.. <br />/. On April 3, 1986, the Commission reviewed and dtecussed <br />the information it had received from Group W, deterr.,ining <br />that additional information was required to properly <br />evaluate the stock transfer transaction. The Commission <br />determined it necessary to continua the public hearing <br />to May 1, 1986, with respect to the stock transfer <br />transaction because of a need for additional information <br />about the parties and the consequences to the System <br />upon completion of that transaction. The public hearing <br />was conducted and closed on May 1, 1986. <br />5. Such additional information has been received and <br />presented to the Commission by staff and counsel. <br />6. The Commission has reviewed necessary documentation <br />regarding each of th•! Buyers sufficient to conclude <br />that they are duly organized and authorized to own end <br />operate a cable system. <br />7. The Commission has reviewed the technical ability of <br />North Central Cable Communications Company, L.P. ("North <br />Central") which will be engaged by Group N as System <br />manager upon completion of the stock transfer transaction, <br />for the purpose of establishing its technical expertise <br />and experience in opera_ing and maintaining a cable <br />system. Since North Central is a new organization created <br />-3- <br />