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RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br /> 1) That the City of Ramsey hereby approves the sale by <br />Group W Cable, Inc. of all of the issued and outstanding shares <br />of the capital stock of Group W Cable of the Quad Cities, Inc. <br />and the transfer of control of Group W Cable of the Quad Cities, <br />Inc. to North Central subject to an actual closing of the stock <br />sale transaction on or before December 31, 1986 pursuant to the <br />terms and conditions as evidenced by the Notice of Transfer to <br />said Commission and City. <br /> <br /> 2) That the City of Ramsey approves the pledge by <br />North Central of the stock and assets of Group W of the Quad <br />Cities, Inc. and North Central as security to its lenders. <br /> <br />The motion for the adoption of the foregoing resolution was duly <br />seconded by Mayor Reimann and upon vote being taken thereon, the <br />following voted in favor thereof: <br /> <br />Mayor Reimann <br />Councilmember Cox <br />Councilmember DeLuca <br />Councilmember Schlueter <br />Councilmember Sorteberg <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />and the following abstained: <br /> <br />None <br /> <br />and the following were absent: <br /> <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted by <br /> <br />the Ramsey City Council this the <br /> <br />City Administrator ~ / <br /> <br />Resolution #86-186 <br /> Page 2 of 2 <br /> <br /> <br />