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HomeMy WebLinkAbout5336 RESOLUTION NO. 5336 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA GRANTING A CONDITIONAL ELEVEN DAY EXTENSION TO THE TRANSFER OF THE ARCADIA CABLE TELEVISION SYSTEM FROM GROUP W CABLE, INC. TO DANIELS AND ASSOCIATES, INC. WHEREAS, on May 20, 1986, the City Council of the City of Arcadia adopted Resolution No. 5295, A Resolution of the City Council of the City of Arcadia, Granting Conditional Approval of the Transfer of the Arcadia Cable Television System which authorizes the transfer of the Arcadia cable television system from Group W Cable to a consortium of cable television companies; WHEREAS, Resolution No. 5295 contained conditions requiring that the consortium of cable television compa- nies transfer all ownership of the Arcadia cable televi- sion system to Daniels and Associates, Inc. prior to December 20, 1986; WHEREAS, Resolution No. 5295 contained provisions allowing an extension to the December 20, 1986, transfer date provided that the transferee demonstrated good faith and good cause for the extension to the satisfaction of the City; WHEREAS, Resolution No. 5295 required that any exten- sion would be enacted by Resolution of the Arcadia City Council; j-.. . ". 5336 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA, CALIFORNIA, DOES HEREBY RESOLVE AND DETERMINE AS FOLLOWS: SECTION I. That the transfer of ownership date as detailed in Section lC of Arcadia City Resolution No. 5295 be extended so that the transfer date is six months and eleven days (December 31, 1986) after the effective date of Resolution No. 5295. SECTION 2. Group W Cable hereby agrees to transfer all stock, assets and control of the Arcadia cable tele- vision system to Daniels and Associates, Inc. by December 31, 1986. SECTION 3. In the event that all stock, assets and control of the Arcadia cable television system is not transferred to Daniels and Associates, Inc. by Decem- ber 31, 1986, Group W Cable may request an extension to the transfer date subject to the extension provisions contained in Resolution No. 5295. SECTION 4. That the City Clerk shall certify to the adoption of this Resolution. Passed, approved and adopted thisl6thday of December 1986. ~;i City Clerk of the City of ?77/JAy/r3~~~c} Mayor of he Cit of Arc ia f"/ ./-"...::; /,--:'. . .....-- .......~..-/...... "..... ...... ~ . '< ~ .... ,^ ~ Arcadia --:"- ' ;:.- - 2 - 5336 STATE OF CALIFORNIA) COUNTY OF LOS ANGELES) SS: CITY OF ARCADIA) I, CHRISTINE VAN MAANEN, Clerk of the City of Arcadia, hereby certify that the foregoing Resolution No. 5336 was passed and adopted by the City Council of the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said Council held on the 16th day of December 1986, and that said Resolution was adopted by the following vote, to wit: AYES: Councilman Chandler, Gilb, Harbicht, Lojeski and Young NOES: None ABSENT: None ~/uL City Clerk of the City of Arcadia -~~ .... ~ / "- - -- - 3 - 5336