Laserfiche WebLink
WHEREAS, the Commission finds no reasonable basis to deny the <br />request for transfer to Dowden Partners under the terms <br />and conditions set forth below. <br />NOW, THEREFORE, BE IT RESOLVED by the Lake Minnetonka Cable <br />Communications Commission: <br />1. That the Commission hereby approves the transfer of <br />the System and transfer of the Cable Communications Franchise <br />Ordinance of Dow -Sat of Minnesota, Inc. to Dowden Cable Partners, <br />L.P. conditioned upon a review by Commission legal counsel as <br />to the legal sufficiency of the organizational and creation <br />documents of the limited partnership prior to closing and subject <br />to an actual closing of the transaction or, or before December 31, <br />1986 pursuant to the terms and conditions ds evidenced by the <br />information submitted by Dowden and Dow -Sat to Commission. <br />2. That the Commission c tints to and approves the transfer <br />of the System and transfer of tl.c Cable Communications Franchise <br />Ordinance of Dow -Sat to Dowden Partners subject to the following <br />conditions: <br />a. Dowden Partners shall accept the Cable Communications <br />Franchise Ordinance in a form and substance acceptable <br />to Commission and thereby agree to perform all of the terms <br />and conditions of thu Cable Communications Franchise Ordinance, <br />within thirty (30) days of such transfer and assignment, <br />unless the time for acceptance is extended by Commission. <br />With its acceptance, Dowden Partners shall furnish <br />to Commission and in accordance with the requirements of <br />the Cable Communications Franchise Ordinance, the performance <br />bond, evidence of insurance, letter of credit, and such <br />other items required by the Cable Communications Franchise <br />Ordinance. <br />C. Dowden Partners shall agree that the remaining <br />provisions of the Cable Communications Franchise Ordinance <br />remain in full force and effect following the completion <br />of the transfer and assignment. <br />d. With its acceptance, Dowden Partners shall pay <br />all costs and expenses of Commission, including legal and <br />other consulting fees, incurred as a result of this process <br />and to the extent such costs and expenses have not previously <br />been reimbursed. <br />3. That Dowden Partners shall, within sixty (60) days <br />after the closing, file with Commission a copy of the deed, <br />agreement, mortgage, lease or other written instrument evidencing <br />such transfer of ownership and assignment of said Cable Communications <br />Franchise urdinance, certified and sworn to as corre-:c by Dowden <br />Par.tn.:rs. <br />-2- <br />