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ORDINANCE - 2500 - 7/9/1996 - CABLE TV MERGE/CONT'L/US WEST
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ORDINANCE - 2500 - 7/9/1996 - CABLE TV MERGE/CONT'L/US WEST
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7/14/2016 4:19:16 PM
Creation date
7/13/2016 11:37:25 PM
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VC Ordinances & Resolutions
Ord-Res Type
ORDINANCE
Number
2500
Date
7/9/1996
Title-Name
CABLE TV MERGE/CONT'L/US WEST
DocID
000623
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ORDINANCE NO. 2500 <br />AN ORDINANCE APPROVING THE MERGER BEIWEEN <br />CONTINENTAL CABLEVISION, INC. AND U. S. WEST, INC. <br />WHEREAS, Continental Cablevision of Northern Illinois, Inc. is <br />the duly authorized holder of a franchise (as amended to date, the <br />"Franchise") authorizing the operation and maintenance of a cable <br />television system and authorizing Franchisee to serve the Village of <br />Elk Grove Village ("Franchise Authority"); and <br />WHEREAS, Franchisee is a subsidiary of Continental Cablevision, <br />Inc. ("Continental"); and <br />WHEREAS, Continental and U. S. West, Inc. ("U. S. West") have <br />entered into an Agreement and Plan of Merger, dated as of February 27, <br />1996 (the "Agreement"), subject to, among other considerations, any <br />required approval of the Franchise Authority with respect thereto; and <br />WHEREAS, in connection with the merger (the "Merger") contemplated <br />by the Agreement, the parent company, Continental, will merge with <br />U. S. West, or with a wholly-cwned subsidiary of U. S. West; and <br />WHEREAS, Franchisee will remain in place and continue to hold, <br />manage, and control the Franchise; and <br />WHEREAS, U. S. West may thereafter assign or transfer the control <br />related to Continental to an entity controlling, controlled by, or <br />under common control with U. S. West only after approval of the <br />Franchise Authority; and <br />WHEREAS, to the extent the Franchise requires, Continental and <br />U. S. West now seek approval of the transfer of control from <br />Continental to U. S. West. <br />NOW, THEREFORE, BE IT ORDAINED by the President and Board of <br />Trustees of the Village of Elk Grove Village, Counties of Cook and <br />DuPage, Illinois as follows: <br />
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