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CITY OF ARDEN �IILY�S <br />RAMSEY COUNT� <br />STATE OF MINNESOTA <br />RESOLUTION NO. 96-54 <br />RESOLUTION CONSENTING TO THE TRANSFER OF CONTROL OF <br />AND CERTAIN OWNERSHIP INTEI2ESTS <br />IN A CABI,E TELEVISION FRANC�IISE TO CONTINENTAL <br />WHEREAS, the cable television franchise (the "Franchise") of the municipality of Arden Hills <br />(the "Authority") is currently owned and operated by Group W Cable of the North Suburbs, d1b/a <br />Meredith Cable Company ("Group W"), which is owned by Meredith/New Heritage Strategic <br />Partnership, L.P. ("MNHSP"); and <br />WHEREAS, the general partner of MNHSP, has entered into a Purchase Agreement dated <br />March 15, 1996 with Continental Cablevision, Inc. ("Continental") whereby said general partner <br />is proposed to be replaced by North Central Communications Corp., Continental of Minnesota, <br />Inc. or Continental of St. Paul, Inc., both wholly owned subsidiaries of Continental (the <br />"Meredith/Continental Agreement"); and <br />WHEREAS, Group W will continue to hold the Franchise; and <br />; -. WHEREAS, the Authority has received a request for consent to the transfer of control <br />contemplated by the Meredith/Continental Agreement; and <br />WHEREAS, no notice of breach or default under the Franchise has been issued by Authority <br />within the past twelve (12) months, and none is outstanding; and <br />WHEREAS, the Authority has determined that subject to certain conditions which must be met, <br />Continental possesses the requisite legal, technical and financial qualifications; <br />NOW THEREFORE, BE IT RESOLVED, that the transfer contemplated by the <br />Mereditl�/Continental Agreement is hereby consented to by the Authority, and permitted <br />conditioned upon: <br />Execution and delivery of a Corporate Guaranty from Continental Cablevision, <br />Inc. in the form attached hereto; and <br />2. Documentation that a wholly owned subsidiary of Continental Cablevision, Inc. is <br />duly admitted as a successor general partner pursua�zt to the Restated Agreement <br />of I,imited Partnership of Meredith/New Heritage Strategic Partners, L.P. dated <br />Decetnber 30, 1991 or any amendment thereof; and <br />3. Payment of $100,000 to the North Suburban Cable Commission as required in the <br />Memorandum of Understanding between the Authority and Group W fox <br />equipment purchases; and <br />