HomeMy WebLinkAbout1992.08.03 RESO 1992-0018RESOLUTION 1992-18
RESOLUTION APPROVING THE TRANSFER OF CONTROL OF GROUP W
CABLE OF RAMSEY/WASHINGTON, INC., FROM HAUSER
CABLE OF MINNESOTA, INC., HAUSER CABLE COMMUNICATIONS, INC.,
AND CONTINENTAL CABLEVISION OF MINNESOTA, INC.,
TO MEREDITH/NEW HERITAGE STRATEGIC PARTNERS L.P.
WHEREAS, Group W Cable of Ramsey/Washington Inc. (hereinafter
Grantee), a wholly owned subsidiary of North Central Cable Communications
Corporation (hereinafter "North Central") is the holder of the Cable
Communications Franchise awarded by the Ramsey/Washington Counties
Suburban Cable Communications Commission (hereinafter "Commission"; and
WHEREAS, The Commission on July 9, 1992 approved the transfer of
control of North Central to Meredith/New Heritage Strategic partners L.P.
(hereinafter "Meredith"), subject to the closing of the purchase of the
North Central stock as set forth in the Commission Resolution Approving
the Transfer of Control; and
WHEREAS, the City of Hugo (hereinafter "City") is required pursuant to
Article XII, Section 1(C) of the Hugo Cable Franchise Ordinance to approve
a transfer of ownership or control of Grantee upon the approval by the
Commission.
NOW, THEREFORE, BE IT RESOLVED, by the City of Hugo:
1. The City consents to and approves the transfer of control of Grantee
and North Central. The City hereby waives any right of first refusal
pursuant to Article XI of the Hugo Cable Franchise Ordinance.
2. In the event Meredith fails to close on this transfer of control on or
before October 30, 1992, unless such time is extended by affirmative vote
of the Commission, this RESOLUTION and any and all approvals contained
herein shall be null and void.
3. This RESOLUTION constitutes all approvals necessary to be obtained
from the City for the proposed transfer of control to Meredith.
Upon roll call, voting AYE:
Voting NAY: Brunotte
Barnes, Leroux, Miron, Stoltzman
Whereupon said RESOLUTION was declared passed and adopted this 3rd day of
August, 1992.
Walter L. Stoltzman, Mayor
ATTEST:
Mary Creager, Citfvtlerk