Laserfiche WebLink
<br />Resolution 96- 9 3 3 4 <br />RESOLUTION CONSENTING TO THE TRANSFER OF <br />CONTROL OF AND CERTAIN OWNERSHIP INTERESTS IN <br />A CABLE TELEVISION FRANCHISEE TO US WEST <br /> <br />WHEREAS. the cable television franchise (the "Franchise") of the municipality of <br />Roseville (the "Authority") is currently owned and operated by Group W Cable of the North <br />Suburbs d/b/a Meredith Cable Company ("Group W"). which is owned by Meredith/New <br />Heritage Strategic Partnership. L.P. ("MNHSP"); and <br /> <br />WHEREAS. the general partner of MNHSP. has entered into a Purchase Agreement dated <br />March 15. 1996 with Continental Cablevision. Inc. ("Continental") whereby Group W will be <br />owned by Continental (the "Meredith/Continental Agreement"); and <br /> <br />WHEREAS. Continental will guarantee the Franchise obligations pursuant to a Corporate <br />Guaranty; and <br /> <br />WHEREAS. the Authority has consented to the transaction described m the <br />Meredith/Continental Agreement; and <br /> <br />WHEREAS, Continental intends on merging into US WEST, Inc. or a wholly owned <br />subsidiary of US WEST. Inc.. (herein collectively known as "US WEST") pursuant to that certain <br />Agreement and Plan of Merger dated February 27. 1996 (the "Continental/US WEST <br />Agreement"); and <br /> <br />WHEREAS, Group W will continue to hold the Franchise; and <br /> <br />WHEREAS. the Authority has received a request for consent to the merger of Continental <br />and US WEST (the "ContinentallUS West Merger"); and <br /> <br />WHEREAS, no notice of breach or default under the Franchise has been issued by <br />Authority within the past 12 months and none is outstanding; and <br /> <br />WHEREAS. the Authority has determined that subject to certain conditions which must <br />be met. US WEST possesses the requisite legal. technical and fmancial qualifications; <br /> <br />NOW. THEREFORE. BE IT RESOLVED, that the Continental/US West Merger is <br />hereby consented to by the Authority and permitted conditioned upon: <br /> <br />1. Execution and delivery of a Corporate Guaranty from US WEST, Inc. in the form <br />attached hereto; and <br />