R88-18 07-11-88RESOLUTION NO. R88-18
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, GRANTING CONSENT AND APPROVAL TO CHANGES IN OWNERSHIP
OF THE GRANTEE OF THE CABLE TELEVISION FRANCHISE FOR
PEARLAND, TEXAS.
WHEREAS, The Meca Corporation
granted authorization to construct,
provide cable television services (the
(the "Grantee") has been
operate, maintain, and
"Franchise");
WHEREAS, the Grantee is indirectly controlled by SCI Hold-
ings, Inc. ("Holdings");
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 Con~unications, Inc. ("Storer"), a Delaware
corporation wholly owned by Holdings,
Grantee through Storer's subsidiary, SCI
iary owns all the stock of the Grantee;
indirectly controls the
51, Inc., which subsid-
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 Council of the
City of Pearland, 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, provided that the new stockholders will use their best
efforts to cause the Grantee to continue to comply with the same
terms and conditions of the City of Pearland Franchise Ordinance
No. 394-1 and provided that a confirmation of the transfer will
be filed with the City Secretary of the City of Pearland within
thirty (30) days of such transfer.
PASSED AND ADOPTED this
1988.
day of ~ ....... ,
TOM REID, MAYOR
CITY OF PEARLAND, TEXAS
ATTEST:
CITY OF PEARLAND, TEXAS
D75:26