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Resolution - #86-067 - 04/29/1986
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Resolution - #86-067 - 04/29/1986
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3/28/2025 3:29:13 PM
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
#86-067
Document Date
04/29/1986
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STATE OF MINNESOTA <br />COUN.I Y OF ANOKA <br />CITY OF RAMS EY <br /> <br />RESOLUTION NO. 86- 67 APPROVING <br />THE TRANSFER OF OWNERSHIP <br /> OF GROUP W CABLE, INC. <br /> <br />WHEREAS, (~.tcn~1~ W Cable;, Inc~, a New York Corporation (hereinafter <br /> "G.-,~,~[, ~., Cab]e")~ by and through Group W Cable of the Quad <br /> cil i~.;~ ]nc~, a wholly-owned subsidiary, owns, operates <br /> and m~.~ains a cable television system in the City pursuant <br /> to i ],~, ~erms and conditions of. City' Ordinance No.82-14 <br /> (h~'~,~f Ce)' "Cable Co~unications Franchise Ordinance"); <br /> <br />~HEREAS~. (i~:~,'~:? W Cable's parent oorporat~on, Westinghouse Broadeast~n~ <br /> <br /> an~ C'~t,~., 1ne., an Zndiana Corporation (hereinafter "West&n~house"), <br /> de~;5~,f: i'o aell and otherwise transfer all of the ~ssued <br /> an~l f~t~3t~andJ_ng shares of the capital stock of Group W <br /> <br /> Cat)i~e ~; Century Southwest Cable Television, Inc., a Delaware <br /> Co]-l,c~-~t~ ion; TCI Holdings, Inc., a Colorado Corporation; <br /> <br /> Ame~ J~:~], lelev.zs.[on and Co~unications Corporation, a Delaware <br /> Co~i.)o~-al Lon; and affiliates of, or subsidiaries or partnerships <br /> own~ ;.' controlled by, Houston Industz:ies Incorporated, <br /> a T~tx~-; ~ior?oratio]~, Comcast Corporation, a Pennsylvania <br /> Co~[~c.~.~l ion~ Dan.Je]s & Associates, Inc., a Delaware Corporation, <br /> anc'~ ~,.~ [ca]~ Te].evJsion and Co~unications Corporation <br /> (~2~ ~;~f'te~ "buyer's"), and thereby transfer control of <br /> <br /> G~'c.,~ W ?al) e to t~e Buyers; and <br /> <br />W}{]~',REA~',, ~i~',t~:~ W C.-~I;]~ l~as requested the consent from the City <br /> <br /> to ~ (~,.~qe J.n ()wnc~rship and control of Group W Cable to <br /> <br /> <br />
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