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<br />NOW THEREFORE, BE <br />City of Arden <br /> <br />IT RESOLVED by the City Council of the <br />Hills : <br /> <br />. <br /> <br />1. That the City hereby approves the sale by Westinghouse <br />of all of the issued and outstanding shares of the <br />capital stock of Group W Cable, Inc. and the transfer <br />of control of Group W Cable, Inc. to the Buyers subject <br />to an actual closing of the stock sale transaction <br />in June, 1986, pursuant to the terms and conditions <br />currently understood by the City as evidenced by the <br />Notice of Transfer, and other information and documents, <br />provided to said Commission and City. <br /> <br />2. That the approval of the transfer of ownership and <br />control of Group W Cable, Inc. to the Buyers is hereby <br />deemed' not to include any approval, either express <br />or implied, as to any subsequent transfer of ownership <br />or control ,of Group W Cable, Inc. or Group W Cable <br />of the North Suburbs, Inc. or transfer of the Cable <br />Communications Franchise Ordinance or related cable <br /> <br />communications <br />Communications, <br />individual. <br /> <br />system to North Central Cable <br />L.P., or to any other entity or <br /> <br />3. <br /> <br />That this approval is specifically conditioned upon <br />payment in full prior to an actual closing of the stock <br />sale transaction in June, 1986, of all expenses incurred <br />by Commission and City related to the Request for <br />Approval of Transfer dated February 4, 1986, including <br />those related expenses incurred prior to receipt thereof, <br />but incurred in preparation for the receipt of the <br />Request for Approval. <br /> <br />~ <br /> <br />-3- <br />