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the ~.:~i'-.~..,'~ and the transfer of ownership and control and <br /> u]t.-il,~,;.i-.<~ 'i_.-~;ansfer of the Cable Communications Franchise <br /> OrdJ~;Jl~,':; a.~; amended to North Central Cable Co~unications, <br /> L~P, ~ ~, ~i <br /> <br />WHEREAS, ~.~ ~ad Cities Cable Co~unications Co~ission <br /> <br /> (he~;~,~ l;~r "Cor~unission") has been delegated the authority <br /> a~d ~ }~n~;~bility. to coordinate, administer and enforce <br /> the ~,~,.~<: Communications Franchise Ordinance on behalf <br /> of c-i-~] l~,~rsuant to the terms of a Joint and Cooperative <br /> Agr~:~o],'~:~f- foil? the Administration of a Cable Television <br /> F.]:'a:, ~']~.~;~ ; a~d <br /> <br />WHEREAS~ ]~c ,. _,mm..ssion has held a public hearing on behalf <br /> <br /> of ':it ~/ ~nd t~as reviewed the legal, technical, and financial <br /> qua[!:~ ;c/~tions of Buyers and found them adequate to own <br /> and o[,~]:;-~[;.e (;roup W Cable; and <br /> <br />WHEREAS, [~ (~>mm].ssion is continuing to review the legal, technical, <br /> and I ~,.;~cial qua].ifications of North Central Cable Co~unications, <br /> L..I'~ e::; J[ zclates to the transfer of ownership and control <br /> and u li i~la'_e transfer of the Cable Co~unications Franchise <br /> OrdJ'~.~'~ a~;, amended; and <br /> <br />WHEREAS, ['~ (f;~mm.'ission has ~eco~ended to City approval of <br /> <br /> the i ~-~; ~ of control of Group W Cable to Buyers subject <br /> <br /> to t-}~ ~:~:, _~i~ c].osing of the stock sa]_e in June, 1986; and <br /> WIIEItEA'.~, '-;,,~ ,;<mm~Js;sion and City have been advised by Group W <br /> <br /> Cal>l. ,~)~,'t ~1~ Buy;;r.o that the approval of such stock transfer <br /> to B~V,-; ~ha]]. Jn ~o way be interpreted as an approval, <br /> eJl]~.,' ~.-~,~;~ or im[,lied, of the transfer of ownership <br /> and ~ ~ ~ ~.~ a~]d u] i:.[mate transfer of the Cable Co~unications <br /> }.b-J~:[~;~.,~ ()~;dl[]~anco to North Central Cable Communications, L.P. <br /> <br /> <br />