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city of gem lake resolutions
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city of gem lake resolutions
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CITY OF GEM LAKE <br />RESOLUTION NO. 97-12 <br />18 August 1997 <br />A RESOLUTION GRANTING THE CONSENT OF THE CITY OF GEM LAKE AS <br />LOCAL FRANCHISE AUTHORITY (LFA) TO THE SALE, TRANSFER AND <br />ASSIGNMENT OF THE NON-EXCLUSIVE CABLE FRANCHISE FROM <br />MEDIAONE OF DELAWARE, INC AS TRANSFEROR -SELLER TO MEREDITH <br />ACQUISITION CORP. AS TRANSFEREE -BUYER. <br />WHEREAS. MediaOne of Delaware, Inc. holds and owns a cable television franchise and system to provide <br />cable communications servicesto the City of Gem Lake, ..(hereinafter "LFA") said franchise having been <br />duly granted on 15 May 1989, accepted on 31 May 1989 and as duly assigned and/or amended from time <br />to time; and <br />WHEREAS, on 27 May 1997 MediaOne of Delaware, Inc_ (f/k/a Continental Cablevision. Inc. and. <br />hereinafter referred to as "MediaOne.") entered into a contract with CCTC Moldings, Inc. (hereinafter <br />referred to as "CCTC"); and <br />WHEREAS, that contract has been assigned to Meredith Acquisition Corp (hereinafter referred to as <br />"MAC") an indirect and wholly owned subsidiary of CCTC; and <br />WHEREAS, the contractprovides for the sale of the issued and outstanding capital stock of North Central <br />Cable Communications Corporation (hereinafter "NCCCC") which owns all of the issued and outstanding <br />Capital Stock (hereinafter, the "Group W Shares") of each Group W Cable of Burnsville/Eagan, Inc.; Group <br />W Cable of the North Suburbs, Inc.; Group W Cable of Ramsey/Washington, Inc.; and Group W of <br />Columbia. Heights/Hilltop, Inc.; and <br />WHEREAS, a request for transfer of control of NCCCC to MAC was duly filed with the. City of Gem Lake. <br />and MAC has requested franchise consent to change of naive of the franchises for the Group W Shares to <br />NCCCC. FCC form #394 Application For Franchise Authority Consent To Assignment Or Transfer Of <br />Control Of Cable Television Franchise was filed on or about 15 July 1997; and. <br />WHEREAS,. The City of Gem Lake has conducted a thorough review and investigation into the legal, <br />financial and techniicalqualifications of MAC to own and operate the cable television system in light of the <br />above referenced FCC form #394; and <br />Page 1 of 4 <br />
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