Agenda Packets - 1986/10/13 - Laserfiche WebLink

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assigned its rights and obligations in the earlier trans- action to D-H Holdings. -North Central-L.P. has been assigned by D.H. Holdings the right to acquire the six Minnesota systems by a Joint Venture Agreement dated June 13, 1986. North Central-L.P. has further assigned its intereut in the Minnesota systems to North Central by letter dated June 18, 1986. Thus, it is North Central which will ultimately own the stock in each specific Minnesota cable system. From the information we have reviewed, North Central is a newly created corporation which is owned equally by Con- tinental Cablevision of Minnesota, Inc. and Hauser Cable of Minnesota, Inc. The Commission should note that both Con- tinental Minnesota and Hauser -Minnesota are also stated to be newly created corporations. III. STANDARD OF REVIEW The Commission's task in this process is to review the information provided regarding the transaction and to recom- mend to its Member Cities approval or denial of the transfer of stock from Group W, Inc. to North Central. The Cities must make the ultimate determination. The franchise and state statute provides the Cities with the express right to approve or disapprove the transfer of ownership in their franchise and system. The standard of review is that the Cities consent shall not be unreasonably withheld. For the purpose of determining whether it will consent to the change