HomeMy WebLinkAboutCity Council Resolutions (R-88-376)-06/07/1988
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RESOLUTION R-88-376
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEYVILLE,
TEXAS, GRANTING CONSENT AND APPROVAL TO CHANGES IN OWNERSHIP
OF THE GRANTEE OF THE CABLE TELEVISION FRANCHISE FOR COLLEYVILLE,
TEXAS
WHEREAS, Storer Cable TV of Texas, Inc. (the IIGranteell) has been granted
authorization to construct, operate, maintain, and provide
cable television services (the IIFranchisell)I
WHEREAS, the Grantee is indirectly controlled by SCI Holdings, Inc.,
(IIHoldings");
WHEREAS, an agreement has been signed whereby the stock of Holdings
will be transferred to an affiliate(s) of Comcast Corporation
and to an affiliate(s) of Tele-Communications, Inc.;
WHEREAS, Storer Communications, Inc. (IIStorerll), a Delaware corporation
wholly owned by Holdings, indirectly controls the Grantee through
Storer's subsidiaries, SCI 52, Inc. and SCI 54, Inc., which
subsidiaries own all the stock of the Grantee;
WHEREAS, the Grantee has requested consent to the structure of ownership
of Grantee described above;
WHEREAS, the Franchise will continue to be held by the Grantee; and
WHEREAS, the interests of the citizens of the City are best served by
the adoption of the Resolution set forth herein;
NOW, THEREFORE, BE IT RESOLVED, that the City Counci 1 of the City of
Colleyville, Texas hereby consents to, ratifies and approves the
transfer of the stock of Holdings in the manner described above
and the ownership and control of the Grantee as described above.
PASSED AND ADOPTED this the 7th day of June, 1988.
CITY OF COLLEYVILLE
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Buck Hubbard, Mayor
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