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RESOLUTION N0.0779:g <br /> A RESOLUTION authorizing the <br /> transfer of ownership control of <br /> Viacom Cablevision and approving the <br /> assignment of all cablevision <br /> franchise obligations to Viacom <br /> Cablevision of Pacific Northwest inc . <br /> WHEREAS , Everett Cablevision, Inc . , a wholly-owned <br /> subsidiary of Viacom International Inc. ( "Viacom" ) , is <br /> franchised to provide cable television service in the City of <br /> Everett; and <br /> WHEREAS, an investor group led by Viacom' s senior <br /> management is engaged in a transaction involving a merger <br /> between Viacom and a newly created corporation, and <br /> WHEREAS, Section 39 of franchise Ordinance 1138-85 <br /> provides that the franchise may not be sold or transfered <br /> unless approval is given by the City Council , and <br /> WHEREAS, a new wholly-owned subsidiary of Viacom, <br /> Viacom Cablevision of Pacific Northwest Inc . , has agreed to <br /> assume and be bound by all applicable cable television <br /> franchise terms and conditions as provided in City of Everett <br /> Ordinances 1138-85 and 1140-85; <br /> NOW, THEREFORE , BE IT RESOLVED BY THE CITY COUNCIL FOR <br /> THE CITY OF EVERETT that approval is hereby given to permit <br /> the transfer of control of Viacom to the investor group led by <br /> Viacom' s senior management . <br /> BE IT FURTHER RESOLVED that approval is hereby granted <br /> for the assignment of all applicable cable television <br /> franchise obligations as provided in Ordinances 1138-85 and <br /> 1140-85 to Viacom Cablevision of Pacific Northwest . . <br /> /12/ <br /> -/ <br /> Councilman ntroduc :fg Resolution <br /> Passed and Approved this /Da)day of I J,,.,,J40) 1986. <br /> Council P esid-nt <br /> 0003E <br />