HomeMy WebLinkAbout02-12-87-08 - Resolution - 02/12/1987RESOLUTION NO.
02-12-87-08
A RESOLUTION APPROVING THE ASSIGNMENT OF MCCAW BCS COMMUNI-
CATIONS, INC, TO COOKE CABLEVISION, INC.
THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS DOES RESOLVE AS FOLLOWS:
WHEREAS, McCaw BCS Communications, Inc., the present
holder of the community antenna television (CATV) franchise
rights throughout the City of College Station, has notified
the City of the transfer of McCaw Development Corporation, a
Washington corporation, and McCaw BCS Communications, Inc.,
a Texas corporation (hereinafter referred to as "McCaw"), to
Cooke CableVision, Inc., a Nevada corporation.
WHEREAS, it appears to the City Council of the City
of College Station that Cooke CableVision, Inc. is finan-
cially, legally and organizationally capable of owning McCaw
and that it will continue to own, operate and maintain the
system in conformity with Ordinance No. 1546, as amended;
NOW THEREFORE, the City hereby approves and consents
to the transfer of McCaw to Cooke CableVision, Inc. with the
further right of McCaw to assign its interests under the
Franchise for security purposes only to such financial
institutions as may be selected by Cooke CableVision, Inc.
to finance the acquisition of McCaw.
This Resolution shall be effective only upon the eom-
pletion of the contemplated sale of McCaw to Cooke Cable-
Vision, Inc., and if such sale is not consummated, this
Resolution shall be of no force or effect whatsoever.
Cooke CableVision, Inc., by its signature hereon,
agrees to exercise its control of McCaw in accordance with
the terms and conditions of Ordinance No. 1546, as amended,
and this Resolution, which are accepted in full.
PASSED BY THE CITY COUNCIL OF THE CITY OF COLLEGE
STATION AND APPROVED BY THE MAYOR THIS 12th day of
February , 1987.
ATTEST:
Dian J~_~/ City Secretary
CITY OF COLLEGE STATION
BY:~Mayor
APPROVED AS TO FORM:
Cathy~L'O~e~ City A~ctorney
ACCEPTED IN FULL:
COOKE CABLEVISION, INC.
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