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