HomeMy WebLinkAboutRES 2386 CITY OF RENTON, WASHINGTON
RESOLUTION N0 . 2386
A RESOLUTION GRANTING MUNICIPAL APPROVAL
TO THE MERGER OF TELEPROMPTER CORPORATION
AND A SUBSIDIARY OF WESTINGHOUSE ELECTRIC
CORPORATION
WHEREAS Northwest Cablevision , Inc . , ("Northwest
Cabl:,vision") , a subsidiary of Teleprompter Corporation ("Tele-
prompter") , is the cable television francisee in Renton ,
'alas?lin gton; and
W(iEREAS , Westinghouse Electric Corporation ("Westinghouse")
proposes to acquire control of Northwest Cablevision through a
merger between Teleprompter and a subsidiary of Westinghouse .
asset forth in a letter application dated January 26 , 1981 ; and
WHEREAS approval has been requested to the proposed
merger :
NO14 THEREFORE , THE CITY COUNCIL OF THE CITY OF RE dTON ,
'A'ASHINGTON , DO RESOLVE AS FOLLOWS :
SECTION I : The above recitals are found to be true
and correct. in all. respects
SECTION II : The City of Renton hereby grants its
[lt?proval , as re(luested, to permit Westinghouse to acquire control
of Northwest Cablevision through the merger of Teleprompter and
a subsidiary of Westi.ngh6use , all as set forth in the letter
application , dated January 26 , 1981 .
PASSED BY THE CITY COU14CIL this 16 day of March , 1981 .
D 4or s A. Mead , City C1erT;
APPROVED BY THE MAYOR this 16th day of March , 1981 .
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Approved as to form :
LV rence T . Barren , City Attorney