Agenda Packets - 1986/05/19 - Laserfiche WebLink

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h � .arri ��::°Tit. !�S[b:i�e•i.. • vr+ n..r w DIRECT DIAL NUMBER (612) 343-1298 O'CONNOR 6 HANNAN A'TORNE(S AT LAW 3800 IDS CENTER a0 SOUTH EIGHTH STPEET MINNEAPOLI3. MINNESOTA 55402 2254 16121 341-3800 TELEX 29 0584 TELECOPIER 1e,21 343 1256 00 P•.rYl• Y .)htb L9 Ngh.Mr .tY. Mr..pp t rt.l. .M.l MEMORANDUM r.bY .• rNI1 :•A n: F n• n-u. e..,..,sr. r. TO: City Administrators, Cihy Managers and City Clerks of the North Suburban Cable Commission. FROM: Thomas D. Creighton, Legal Counsel DATE: May 7, 1986 RE: Transfer of Ownership and Control of Group W Cable, Inc. As you are aware, Group W Cable, Inc., by and through Group W Cable of the t'orth Suburbs, Inc., requested the Cities' consent to the transfer of ownership and control in Group W to a group of five Buyers and the transfer of ownership and control and ultimate transfer of the Cable Communications Franchise ordinance to North Central .:able Comlmlunications, L.F. Croup w is obligated to receive the Cities' approval for both transactions under the Franchise Ordinance. The North Suburban Cable Commission has undertaken an extensive analysis of the legal, technical, and financial qualifications of the transferee in both transactions. At its meeting on May 1, 1986, the Commission unanimously adopted a resolution recommending to its member cities the approval of the transfer of ownership of Group W Cable, Inc. to the group of five Buyers (Transaction No. 1). Add`.tionally, at its meeting of MAy 7, 1986 the Commission adopted a resolution recommending to its member cities the dellial of the transfer to North Central Cable Communications, L.P. on this second transfer (Transaction No)r The complexity of the two transactions end the specific analysis which was undertaken by the Commission, on behalf of its member cities, cannot be fully described in this memorandum.