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• HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF COUNTY OF STATE OF MINNESOTA RESOLUTION NO. RESOLUTION TRANSFERRING CONTROL, AUTHORITY AND OPERATION OF HOUSING AND REDEVELOPMENT PROJECT NO. AND TAR INCREMENT FINANCING DISTRICTS NOS. THROUGH FROM THE HOUSING AND REDEVELOPMENT AUTHORITY TO THE CITY . OF HE IT RESOLVED by the Commissioners (the "Commissioners") of the Housing and Redevelopment Authority in and for the City of , Minnesota (the "Authority") as follows: WHEREAS, the Authority has established Housing and Redevelopment Project No. and adopted a Modified Housing and Redevelopment Plan relating to Housing and Redevelopment Project No. under the authority of Minnesota Statutes, Sections 469.001 to 469.047 (the "Project"); and WHEREAS, the Authority has adopted the Tax Increment Financing Plans establishing Tax Increment Financing Districts Nos. through within the Project under the authority of Minnesota Statutes, Sections 469.174 to 469.179 ("Tax Increment Financing Districts"); and WHEREAS, the City of Coon Rapids (the "City's has adopted an enabling resolution establishing an Economic Development Authority (the "EDA') under the authority of Minnesota Statutes, Sections 469.090 to 469.108 in Resolution No. dated , 19_; and WHEREAS, Minnesota Statutes, Section 469.094, subd. 2 authorizes the City, by resolution, to transfer the control, authority and operation of the Project and the Tax Increment Financing Districts.to the EDA. NOW, THEREFORE, be it resolved by the Authority as follows: The Authority hereby transfers to the City the control, authority and responsibility of operation for the Project- and the Tax Increment Financing Districts with the intent that the City will pass a Resolution authorizing the transfer of control, authority and operation of the Project and Tax Increment Financing Districts to the EDA. Pursuant to Minnesota Statutes, Section 469.0949 subd. 2, the EDA may exercise all of the powers that the City would have with respect to the Project and the Tax Increment Financing Districts.