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RESOLUTION No. 86 -22 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH CONSENTING TO THE REORGANIZA- <br />TION OF GROUP W CABLE, INC. PURSUANT TO SECTION <br />5.44.060 (g) OF THE NEWPORT BEACH MUNICIPAL <br />CODE. <br />WHEREAS, Group W Cable, Inc., now a part of Westing- <br />house Broadcasting and Cable Corporation, plans to reorganize; <br />and <br />WHEREAS, Section 5.44.060 (g) of the Newport Beach <br />Municipal Code provides that a cable television franchise can- <br />not be sold, transferred or otherwise disposed of, in whole or <br />in part, by sale, merger, consolidation or otherwide, without <br />the prior consent of the City Council, expressed by resolution; <br />and <br />WHEREAS, COMCAST has requested the City Council of the <br />City of Newport Beach to consent to the reorganization, as set <br />forth in the attached correspondence dated March 3, 1986, attached <br />hereto and marked Exhibit "A" and incorporated herein as though <br />fully set forth at length; and <br />WHEREAS, the City Council finds and determines that the <br />reorganization into COMCAST CABLE COMMUNICATIONS, INC., a parent <br />company, is in the best interests of the City of Newport Beach. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Newport Beach, that pursuant to Section 5.44.060 (g) <br />of the Newport Beach Municipal Code, the City Council hereby <br />consents to subject reorganization. <br />BE IT FURTHER RESOLVED that the City Clerk is hereby <br />authorized and directed to send a certified copy of this Resolu- <br />tion to COMCAST CABLE COMMUNICATIONS, INC., evidencing the City <br />of Newport Beach's prior consent to the merger. <br />City Clerk <br />ADOPTED this 24th d, ay of March 1986 <br />