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WHEREAS, the interim transaction has taken place vand
<br />WHEREAS,, the Transferors, havie requested the consent f rom the
<br />City, to a change in ownership and control olf North Central to
<br />Transf eree; and
<br />WHEREASI City has waived any right of first refusal to
<br />purchase the stock acquired by Transferee as such right of first
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<br />refusal apipl,lesi to the pending sale and transfer,* and
<br />WH'EREAiS, the North Suburban, Cable Clomm,un icat ions Commission
<br />0
<br />(hiere2mafter "Common") has, been delegated the authority and
<br />I I
<br />"bility
<br />p o to, coordinate., administer and enforce the Cable
<br />reslinsil,
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<br />Comnunications Franchise Ordinance on, behalf of the City pursuant
<br />to the terms olf a Joint and Cooperative Agreement for the Admin3.s
<br />triati,ion of a Cable Television Franchise,* and,
<br />WHEREAS, the Commission has, held public hearings on behalf of
<br />City, and has, revieweld the legal, technical, character and financial
<br />i
<br />qualifications of Tria,nsferele and, its general, partner Meredith/New
<br />Heritiage Partnership and finds no reasonable basis to deny the
<br />request, for, transfer, as a result of said, review, except for those
<br />conditions listed below.,P and
<br />WHERE,AS, the Commission has recomended to City approval of
<br />the transfier of control of North Central to Transferee subject tea
<br />the, actual closing of the stock, sale and subject to the conditione
<br />I
<br />listed.below; and
<br />WHEREAS, the Commission has ailso recommended approval of a
<br />request by Transferee to permit the pledge as security to its
<br />lenders of th,e stock and assets, of North, Central and its
<br />subsidiariesi, which, would include Group W Cable of The North
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<br />Suburbs,, Incl,,; 'and
<br />E
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