HomeMy WebLinkAboutNB 7 SIX STAR CABLE 12-01-80DATE:
TO:
FROM:
SUBJECT:
ll/7/S0
DAN BLANKENSHIP, CITY ADMINISTRATOR
JAMES G. ROURKE, CITY ATTORNEY
SIX STAR CABLEVISION
NEW BUSINESS
No, 7
12=,1-,8Q
As you have previously been advised, Six Star Cable-
vision, Inc., a California corporation, which was granted a
CATV franchise by the City of Tustin by Ordinance No. 792,
is proposing to transfer all of its shares to Six Star Nielson
Cablevision pursuant to our ordinance which requires that a
transfer of these shares requires consent of the City Council.
We have now received all the information concerning
the (complicated) structure of entities of Six Star and have pre-
pared a resolution we deem appropriate to grant this consent,
which is enclosed herewith and which we recommend be adopted
by the City Council.
JGR:se:D:ll/4/80
Enclosure
cc: William Marticorena, Esq.
Mary Wynn, w/orig, encl.
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RESOLUTION NO. 80- ].29
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TUSTIN, CALIFORNIA, APPROVING TRANSFER OF
SHARES OF SIX STAR CABLEVISION OF TUSTIN, INC.
WHEREAS, Six Star Cablevision of Tustin, Inc., a California
corporation was granted a franchise to operate a cable television
system within the City of Tustin by Ordinance No. 792, as amended;
and
WHEREAS, Section 7418(d) of the Tustin City Code requires
that ownership interests of the franchisee shall not be trans-
ferred without the consent of the City; and
WHEREAS, the owners of the outstanding shares of Six star
Cablevision of Tustin, Inc., a California corporation, now
desire to transfer those shares to Six Star Cablevision Associates,
Lirited, a New Jersey limited partnership, and immediately there-
after to Six Star Nielson Cablevision, a California partnership;
and
WHEREAS, it has been represented and warranted to the City
of Tustin by the franchisee as follows:
A. Six Star Cablevision Associates, Limited, is a New Jersey
limited partnership consisting of Six Star Cablevision, Inc.,
a New Jersey corporation, as general partner, and Six Star
Cablevisio~ Holding Co., Inc., Roger H. Maggio, Paul Skulsky,
Stuart C. Harris and Victor Sharar, as limited partners.
B. Six Star Cablevision, Inc., is a New Jersey corporation,
all of the shares of stock of which are owned by Paul Skulsky,
Stuart C. Harris, Roger H. Maggio and Victor Sharar.
C. Six Star Cablevision Holding Co., Inc., is a New
Jersey corporation, all of the shares of stock of which are
owned by Paul Skulsky, Roger H. Maggio and Stuart C. Harris.
D. Six Star Nielson Cablevision is a California general
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partnership composed of Six Star Cablevision Associates
Limited, described above, and N.E.I.-CAL., INC., a California
corForat~on all of the shares of which are owned by Nielson
Enterprises, Inc., a Delaware corporation.
E. All of the shareholders of Nielson Enterprises, Inc.,
a Delaware corporation, who own more than three percent (3%) of
the out~tanding shares of stock of said corporation are: Glenn
E. Nielson, Glenn W. Nielson, Margaret Ruth Bullock, Joanne
Living~uon, James Nielson, Annmarie Hales, and Olive W. Nielson.
NOW, THEREFORE, the City Council of the City of Tustin,
California, does hereby resolve as follows:
1. The outstanding shares of Six Star Cablevision of
Tustin, Inc., which was granted a cable television pursuant
to Ordinance No. 792, as amended, may be transferred and
assigned to Six Star Cablevision Associates, Limited, a New
Jersey limited partnership, and immediately thereafter may
be transferred to Six Star Cablevision Associates Limited, a
New Jersey limited partnership, and immediately thereafter
transfci~red to Six Star Nielson Cablevision, a California
partnership, the structure and ownership of the shares of each
and all of said entities to be as represented and warranted
to the City of Tustin, as set forth hereinabove.
2. This approval shall be contingent upon and subject
to the further requirement that no change, direct or indirect,
in the structure or ownership of Six Star Nielson Cablevision,
or any of the entities which are a part thereof, or of any of
the owners of shares of any of said entities, shall be effective
without the prior approval by resolution of the City Council of
the City of Tustin or otherwise the said franchise shall be
forfeited.
PASSED AND ADOPTED at a regular meeting of the City
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Council of the City of Tustin, California, this
· 1980.
MAYOR
ATTEST:
CITY CLERK
JGR:se:D:7/14/80
JGR:se:R:ll/7/80
JGR:se:R:ll/7/80
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