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1 RESOLUTION NO. CVW <br /> 2 <br /> A RESOLUTION authorizing the transfer of ownership control of <br /> 3 Viacom International Inc. to National Amusements, Inc. <br /> 4 <br /> 5 WHEREAS, Everett Cablevision, Inc. , a wholly-owned subsidiary of Viacom <br /> 6 International Inc. (Viacom) , is franchised to provide cable television <br /> 7 service in the City of Everett; and <br /> 8 WHEREAS, Viacom has entered into a merger agreement with Arsenal <br /> 9 Holdings, Inc. , a subsidiary of National Amusements, Inc.; and <br /> 10 WHEREAS, Section 39 of franchise Ordinance No. 1138-85 provides that <br /> 11 the franchise may not be sold or transferred unless approval is given by the <br /> 12 City Council; and <br /> 13 WHEREAS, Everett Cablevision, Inc. has agreed to continue to be bound <br /> 14 by all applicable cable television franchise terms and conditions; and <br /> 15 WHEREAS, City Council is uncertain of the impact of this merger on <br /> 16 franchise performance and desires to provisionally approve said transfer <br /> 17 until April 1, 1988, before becoming final; <br /> 18 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> 19 EVERETT that provisional approval is hereby given to permit the transfer of <br /> 20 control of Viacom to National Amusements, Inc., conditioned on satisfactory <br /> 21 performance of all material franchise provisions. Upon said satisfactory <br /> 22 performance for a period of one year , said approval shall become final. <br /> 23 <br /> 24 <br /> l Agar <br /> 25 - cilperson'Introducing Resolution <br /> 26tx, <br /> PASSED and APPROVED this �5 day o April, 1987 . <br /> 27 <br /> 28 <br /> 29 Council Pr sident <br /> 30 <br /> (1727) <br /> 31 <br /> 32 <br />