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O'CONNOR & HANNAN ATTORNEYS AT LAM' City Administrators, City Managers and City Clerks of the North Suburban Cable Commission Page Two May 7, 1986 Generally, the first transaction involves Westinghouse Broadcasting and Cable, Inc., the parent company of Group W Cable, Inc., selling and transferring 100% of its stock in Group W Cable to a group of five Buyers. Since Group W Cable of the North Suburbs, Inc. is a wholly -owned subsidiary of Group W Cable, the Buyers will indirectly own and control your cable system. It is this first transaction to which the Commission is recommending the Cities' approval. No Ordinance amendment is required at this step. The second transaction involves the specific transter of Group W of the North Suburbs, Inc. tc North Central Cable Communications, L.P. This transaction also requires the Cities' approval, however, the Commission is recommending the Cities denial of this transaction. No Ordinance amendment is required for this step. I have included a copy of a memorandum which exPlains in detail Transaction No. 1. This memorandum was presented to the Commission and formed the basis for their recommendation of approval of Transaction No. 1. I have also included the Commission's Findings of Fact and Conclusions with respect to their recommendation for denial of Transaction No. 2. I have enclosed these documents for your information and for the information of your Council members. Mr C,irrie, under separate cover, has prepared a resolution for your City Council which will approve Transaction No. 1 consistent with the Commission's u.ianimous recommendation. Additionally, I have prepared a resolution for your City Council which wili disapprove Transaction No. 2. I would ask that you place these matters on your next Council agenda. If you would like a representative of the Commission to be present at your Council meeting, please contact Bootsie Anderson, Cable Administrator, at 606-8172. Additionally, if you should have any questions concerning these transactions, you may contact either Ms. Anderson or myself. Following the Council's adoption of the enclosed resolutions, I would ask that you promptly return them to me at the above address. Note: The Buyers have requested that the attached Resolutions be certified according to your regular procedures for such certification. Please return a signed copy of these resolutions and the certifications to my office as soon as possible. Thank yc.0 for your cooperation in this matter. MJA:abg Enclosures