The City Council authorized the Director of the Department of Development to enter into a grant agreement with the Community Partners Youth Development Organization, Inc. for up to $1,000,000.00. These funds are designated for construction expenses at 1878-1890 E. Main Street, specifically for the Center of Entrepreneurial Development. The ordinance also authorizes the appropriation and transfer of funds within the Income Set Aside Subfund and the Development Taxable Bonds Fund, allows for payment of grant funds on a predetermined schedule, and permits reimbursement for expenses incurred prior to the creation of the purchase order. The project aims to support entrepreneurial development.