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• <br /> NOW THEREFORE, BE IT RESOLVED by the City Council of the <br /> City of St. Anthony <br /> 1. That the City hereby approves the sale by Westinghouse <br /> of all of the issued and outstanding shares of the <br /> capital stock of Group W Cable, Inc. and the transfer <br /> of control of Group W Cable, Inc. to the Buyers subject <br /> to an actual closing of the stock sale transaction <br /> in June, 1986, pursuant to the terms and conditions <br /> currently . understood by the City as evidenced by the <br /> Notice of Transfer, and other information and documents, <br /> provided to said Commission and City. <br /> 2 . That the approval of the transfer of ownership and <br /> control of Group W Cable, Inc. to the Buyers is hereby <br /> • deemed not to include any approval, either express <br /> or implied, as to any subsequent transfer of ownership <br /> or control of Group W Cable, Inc. or Group W Cable <br /> of the North Suburbs, Inc. or transfer of the Cable <br /> Communications Franchise - Ordinance or related cable <br /> communications system to North Central Cable <br /> Communications, L.P. , or to any other entity or <br /> individual. <br /> 3. That this approval is specifically conditioned upon <br /> payment in full prior to an actual closing of the stock <br /> sale transaction in June, 1986 , of all expenses incurred <br /> _by Commission and City related to the Request for <br /> Approval of Transfer dated February 4, 1986, including <br /> those related expenses incurred prior to receipt thereof, <br /> but; incurred in preparation for the receipt of the <br /> • Request for Approval. <br /> -3- <br />