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-. <br /> 080 <br /> A RESOLUTION GRANTING <br /> MUNICIPAL APPROVAL TO THE ACQUISITION OF <br /> 50o OF THE STOCK OF BT CABLE, INC. <br /> BY TFBA SUB, LTD. <br /> AND TO THE CONSOLIDATION OF <br /> INTERMEDIATE SUBSIDIARIES <br /> OF BT CABLE, INC. <br /> WHEREAS, ALERT CABLE TV OF NORTH CAROLINA, INC. , an <br /> indirect wholly owned subsidiary of BT Cable, Inc. , is a cable <br /> television franchisee in the Orange County; and <br /> WHEREAS, BT Cable, Inc. is presently controlled 50% by Taft <br /> Broadcasting Company and 50% by the Robert M. Bass Group; and <br /> WHEREAS, after TFBA Limited Partnership acquires by merger <br /> Taft Broadcasting Company, TFBA will sell Taft ' s BT Cable, Inc. <br /> stock to a newly formed partnership controlled by Bass, all as set <br /> forth in the letter application dated June 19, 1987; and <br /> WHEREAS, subsequent to the foregoing transaction, BT Cable, <br /> Inc. may desire to restructure its corporate organization by <br /> consolidating its intermediate subsidiaries; and <br /> WHEREAS, approval has been requested as to the foregoing <br /> transactions; <br /> NOW, THEREFORE, BE IT ORDAINED that the Orange County <br /> hereby grants its approval, as requested, to the acquisition of 50e <br /> of the voting stock of BT Cable, Inc . by TFBA Sub, Ltd. and to the <br /> consolidation of BT Cable, Inc. ' s intermediate subsidiaries, all as <br /> set forth in the letter application dated June 19 , 1987 . <br /> Passed this _ day of 1987, effective <br /> Approved: <br /> Attest: <br /> Clerk <br />