01-12-1987 Council Packet - Laserfiche WebLink

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directly owned or operated any cable systems. Therefore, the ability of its managing principals must be reviewed. Information has been provided showing that Dowden Investors will be the managing general partner and will have responsibility for managing Dowden Partners. The details of Dowden Investors' authorir.y and control of the partnership are set forth in Article VII of the proposed Limited Part- nership Agreement. It appears from the structure of the transaction that Dowden Partners will enter into a Manage- ment Agreement with Dowden Investors, pursuant to which Dowden Investors will furnish management services to the Dowden Partners. With the consent of Bariston Investors, the Management Agreement may be entered into with, or may be assigned to, an affiliate of Dowder. Investors controlled by Thomas C. Dowden. It appears from the information which we have reviewed that the management of your system by Dowden Investors under the proposed transaction will. be in substance the same as it currently exists. In other words, DCI and uow-Sat's experi- ence in the engineering, constLuction and marketing of your cable television system wi?.1 remain substantially intact as Dowden Investors tinder the agreements between the general partners of Dowden Partners. The only concern identified as part of the technical qualifications standard is whether the current technical expertise cf Dowden Investors will always re,-.ain under the - 7 -