HomeMy WebLinkAboutRes 93-03 Approving the Transfer of a Twenty Percent Interst in County Cable Limited PartnershipRESOLUTION NO. 93-3
A RESOLUTION OF THE TOWN OF WESTLAKE APPROVING THE
TRANSFER OF A TWENTY (20%) PERCENT INTEREST IN COUNTY
CABLE LIMITED PARTNERSHIP FROM UNITED CABLE, INC. TO
HARRON COMMUNICATIONS CORP.
WHEREAS, in September 1988, the Town of Westlake awarded
a cable communications franchise to County Cable Limited
Partnership d/b/a Harron Cable TV; and
WHEREAS, the franchise ordinance provides that a change
of ownership in County Cable Limited Partnership be approved by the
Town; and
WHEREAS, Harron Communications Corp. is purchasing the
twenty (20%) percent interest in County Cable Limited Partnership
owned by United Cable, Inc.; NOW, THEREFORE,
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE
THAT:
The sale and transfer of a twenty (20%) percent interest
in County Cable Limited Partnership from United Cable, Inc. to
Harron Communications Corp. is hereby approved and the Mayor of the
Town of Westlake is hereby authorized to execute any documents
necessary to reflect the Town's approval of such sale.
PASSED AND APPROVED this 5th day of April, 1993.
D LE L. WHITE, OR
TOWN OF WESTLAKE, TEXAS
ATTEST:
-
GEW WH E, SECRETARY
TOTAN OF WESTLAKE, TEXAS
APPROVED AS TO LEGAL FORM
PAUL C. ISHAM, TOWN ATTORNEY
TOWN OF WESTLAKE, TEXAS
\373-23.003\113.xes
ARON RES 93-03
- - - - - - - - - - - -
__Comm
UNICATIONS CORP
March 1, 1993
Town of Westlake
Mayor Dale White
3 Village Circle
#207 Solona
Roanoke, Texas 76262
Dear Mayor White:
Pursuant to Section 20 of the cable franchise of Westlake, Texas,
represented by the Ordinance dated September 12, 1988, County
Cable Limited Partnership d/b/a Harron Cable TV, an Arkansas
limited partnership (the "Partnership"), hereby requests consent
of the Town of Westlake, Texas to (i) the exercise, by Harron
Communications Corp. ("Harron"), the eighty (80%) percent Limited
Partner of the Partnership, of its option to purchase the
remaining twenty (20%) percent interest general partnership in
the Partnership held by United Cable Inc., an Arkansas
corporation ("United Cable"), granted pursuant to a Put -Call
Agreement between United Cable and Harron, dated October 31,
1991, and (ii) the subsequent contribution by Harron of all of
the Partnership's assets to a wholly-owned subsidiary corporation
of Harron. Upon receipt of your consent, such subsidiary shall
promptly provide all documentation required in Section 20 of the
Ordinance dated September 12, 1988.
Please acknowledge consent of the Town of Westlake by signing
where indicated below and return one original to Harron at the
above address and retain one original to be filed with the Town.
Very truly yours,
COUNTY CABLE LIMITED PARTNERSHIP HARRON COMMUNICATIONS CORP.
BY: T CAB IN
BY: X
Richard Mays, Presiderstf
•
N.11MM
NY
- 9XI
I.Owma"am
BY:—
Jo ,V. Quigley, III
Vi�� President of Finance
V
70 East Lancaster Avenue ® P.O. Box 3022 e Frazer, Pennsylvania 19355-2121 ® 215-644-7500 ® FAX 215-644-2790