To authorize the Director of the Department of Development to execute a grant agreement with the Tony R Wells Foundation dba The Wells Foundation in an amount up to $578,700.00 to provide time-limited payments of unrestricted funds to individuals engaged in an economic mobility initiative that is operated by a non-profit organization; to authorize the appropriation and expenditure of up to $578,700.00 from the Neighborhood Economic Development Fund; to pay for administrative and/or staffing expenses incurred prior to purchase order execution; and to authorize the advancement of funds on a predetermined schedule. ($578,700.00)