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. `r.. .A .,C <br />1986 <br />RESOLUTION RECOMMENDING APPROVAL f 1/ REGARDING THE TRANSFER OF OWNERSHIP nP��U�i��y <br />OF GROUP W CABLE OF THE NORTH SUBURBS, INC. c1S P'I171y <br />WHEREAS, the North Suburban Cable Commission (herein- <br />after "Commission") is delegated the authority and <br />responsibility to coordinate, administer and enforce the <br />Cable Communications Franchise Ordinances, as amended, of <br />its Member Cities pursuant to the terms of a Joint and <br />Cooperative Agreement for the Administration of a Cable <br />Television Franchise; and <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 <br />Member Cities pu-suant to the terms and conditions of the <br />Cable Communications Franchise Ordinances, as amended, in <br />effect in the Member Cities; and <br />WHEP.EAS, Group W Cable desires to sell and otherwise <br />transfer all of the issued and outstanding shares of the <br />capital stock of Group W Cable of the North Suburbs to North <br />Central Cable Communications Corporation, (hereinafter <br />"North Central"), and thereby transfer control of Group W <br />Cable of the North Suburbs, Inc. to North Central; and <br />WHEREAS, Group W Cable has requested the consent from <br />the Member Cities to a change in ownership and control of <br />Group W Cable of the North Suburbs, Inc., to North Central; <br />and <br />