HomeMy WebLinkAboutCC RES 81-108
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RESOLUTION NO. 81-10
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 f~anchise to operate a cable televisi.
system within the City of Tustin by O~dinance 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 Associat~
Limited, 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 Jer
limited partnership consisting of Six Star Cablevision, Inc.,
a New Jersey corporation, as general partner, and Six Star
Cablevision 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 'corporati
all of the shares of stock of which are owned by Paul Skulsky,
.Stuar. t C. Harris,.~Roger H. Maggio and Victor Shar'ar.
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.
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
corporation all of the shares of which a~e owned by Nielson
Enterprises, Inc., a Delaware co~poration.
E·
Ail of the shareholders of Nielson Enterprises, Inc.,
a Delaware corporation, who own more than three percent (3%) of.
the outstanding shares of stock of said corporation are: Glenn
E. Nielson, Glenn W. Nielson, Margaret Ruth Bullock, Joanne
Livingston, James Nielson, Annmarie Hales, and Olive W. Nielson.
NOW, THEREFORE, the City Council of the City of Tustin,
California, does hereby resolve as follows:
·
The outstanding shares of Six Star Cablevision of
Tustin, Inc., which was granted a cable television franchise
pursuant to Ordinance No. 792, as amended, may be transferred
and assigned to Six Star Cablevision Associates, Limited, a
New Jersey limited partnezship, and immediately thereafte~
may be transferred to Six Stax Cablevision Associates Limited,
a New Jersey limited partnership, and immediately thereafter.
transferred 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.
·
This approval shall be contingent upon and subject
to the further requirement that no change, direct o~ indirect,
in the structure or ownership of Six Star Nielson Cablevision,
· o~ any of the entities which are a pa~'t thereof, or of any of
the owners of sha~es of any of said entities, except as to
Nielson Enterprises, Inc., shall be effective without the
p~io~ approval by zesolution of the City Council of the City
of Tustin or otherwise the said franChise shall be forfeited.
PASSED AND ADOPTED at a zegular meeting of the City
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Council of the City of Tustin,
California, this 2nd day of February, 1981.
ATTEST:
JGR: se: D: 7/14/80
JGR: se:R: 11/7/80
JGR: se: R: 11/7/80
JGR: se:R: 1/17/81
JGR: se :R: 2- 3-81
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF TUSTIN )
MARY E. WYNN, City Clerk and ex-officio Clerk of the 'City Council of the City of
Tustin, California, does hereby certify that the whole number of the members of
the City Council of the City Of Tustin is five; that the above and foregoing
Resolution No. 81-10 was duly and regularly introduced, passed and adopted at a
regular meeting of the City Council held on the 2nd day. of._Febr~uar~,~ 1981 by the
following vote:
AYES : COUNCILPERSONS: Saltarelli, Edgar, Hoesterey, Sharp, Kennedy
NOES : COUNCII~PERSONS: None
ABSENT: COUNCILPERSONS: None
City of Tustin, California ·