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NOW THEREf{)[~]';~ B]~ IT RESOLVED by the City Council of the City <br /> <br />1. That t}~.~ ~.'ity hereby approves the sale by Westinghouse of <br /> alii. e[ ',:1~<, i:~sued and outstanding shares of the capital <br /> stock ~ :~e~p W Cab]e, Inc. and the transfer of control <br /> of G~ ~ Cable, Inc. to the Buyers subject to an actual <br /> c]osin~ ~, t~e stock sale transaction in June, 1986 pursuant <br /> to t~ . ~'m:'~ and conditions currently understood by the <br /> City n~{ .~.~]denced by the Notice of Transfer to said Co~ission <br /> <br />2. That ~ ~pproval of the transfer of ownership and control <br /> of G~'~, %~ (_'.able, [[nc~ to the Buyers is hereby deemed not <br /> to i~<~.~]~~ any approval, either express or implied, as to <br /> any .;'~]~,~uent transfer of ownership or control or transfer <br /> of t~ ([a},!e Communications Franchise Ordinance to North <br /> Cent.,< (~ [( {~b].e Co~m~unications, L.P., or to any other entity <br /> <br />3. That []~':~ 0~.ad Cities Cable Co~unications Co~ission continue <br /> to r~.,3<:w Lhe request of Group W Cable, Inc. regarding a <br /> chan~lc: ~ control and transfer of the Cable Co~unications <br /> Fran(:l~J~~ 0]:d:inance as amended to North Central Cable Co~unications, <br /> <br /> I,.P.. ~h~] i,:~ t:[~e future prepare a separate reco~endation <br /> for (:[~'f ~egarding such change in control and transfer. <br /> That ~h~ ..~}.~N~ova]~ by City shall be null, void and of no <br /> <br /> effe(~[ ~:~]d any ent-[.ty or individual successfully litigate <br /> that [~,~, ,~¥~r~'~val Js also an approval, either express or <br /> Jm]:~l:[~::~ ,-~: [:~ any s~sequent transfer of ownership or control <br /> <br />- 3 - <br /> <br /> <br />