This ordinance authorizes the Director of Development to enter into a capital contribution grant agreement with Buckeye Ranch Inc. to fund facility upgrades and renovations. It allows for an expenditure of up to $500,000 from the Development Taxable Bond Fund and permits advancing funding according to a predetermined schedule. The ordinance was passed and declared an emergency.

To authorize the Director of Development to enter into a capital contribution grant agreement with the Buckeye Ranch Inc.; to provide funding for facility upgrades/renovations; to authorize the expenditure in an amount up to $500,000.00 within the Development Taxable Bond Fund; to advance funding per predetermined schedule; and to declare an emergency. ($500,000.00)