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<br />Inc. and the transfer of control of Group W <br /> <br />Cable of the North Central Suburbs, Inc. to <br /> <br />North Central subject to an actual closing of <br /> <br />the stock sale transaction on or before <br /> <br />December 31, 1986 pursuant to the terms and <br /> <br />conditions as evidenced by the Notice of <br /> <br />Transfer to said Commission and City and all <br /> <br />written representations from North Central <br /> <br />associated therewith. <br /> <br />2. The City approves the pledge by North Central <br />as security to its lenders the stock and <br />assets of North Central and Group W of the <br /> <br />North Central Suburbs, Inc. <br /> <br />The above listed resolution was moved by Council Member <br /> <br />Robischon <br /> <br />, and duly seconded by Council <br /> <br />Member <br /> <br />Zimny <br /> <br />The following Council Members voted i~ the affirmative: <br />Fritchie. Robischon, Zimny, L'Allier <br /> <br />The following Council Members voted in the negative: <br />None <br /> <br />Passed and adopted this <br /> <br />22nd day of October <br /> <br />1986. <br /> <br />ATTEST: <br /> <br />~-y, 02. Yr~'~ <br />Mayor <br /> <br />CD1~ _ k. :a-~. <br />City Administrator <br /> <br />- 3 - <br />