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WH'EREAS,,o the cormission has reviewed the legal, tech-
<br /># is
<br />nical, and financial qualificiations of North Central and
<br />ID
<br />found, no, r�easoinab�l,e 'basis to deny the transfer of Group W
<br />Cable, of the Nor h Sublu,rbsi, Ince to 'North, Central; and
<br />WHEREAS,, North Ceint,ral ha,s, requested as, part of the
<br />t,ransfer request the Member Citleslll consent to, allow for 'the
<br />s security leis 'ts, n,deirs the stock and. assets of
<br />pledge, a to i
<br />North Ceintra,l and its subsidiaries, wh_ich would include
<br />Group W Cable of the Nor Suburbs, Inc e;1
<br />WHEREAS., the, commission, does not object to such security
<br />interest in the, sit,ock, and ass' et,si,,
<br />NOW TIHE "' EFO,REI,, BE IT RESOLVED by the North Suburban
<br />0
<br />Cable, i s si i on:
<br />Comm'I
<br />'Tihat the North Suburban Cable Commission recommends
<br />to
<br />.its Member Clities approval by resolution of the sale by
<br />Group W' Cable, Inc ill of' all of the issued and outstanding
<br />shares of the capital stock of Gr up, W Cable of the North
<br />Sublurbst, Incial to North Cent al s,ubj I ect, to an actual closing
<br />of' the . stock , sale transact,lLon by December 31r 1986 pursuant
<br />to, the terms and conditions as eiviaenced by the Notice of
<br />transfer to said Commission and Its Member Ciftiles, and all
<br />written representatil oin,s f rolm North CeIastral associated there-
<br />w itho
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<br />That the North Suburban Cable Commission recom-
<br />mends ,s to its' member Cities approval by resolution. of N6rth
<br />Central l's, piledg as security to i. s lenders the stock and
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