The shooting happened just before 9 a.m. in the 1100 block of North Center Street, police said.
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Officers responded to calls of a man standing outside a home, pointing a gun. Once on the scene, officers said the gunman ignored commands to drop his weapon and walked toward them.
An officer fired his gun twice, hitting the suspect once.
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The man was rushed to a hospital and was initially reported to be stable.
The officer was not hurt, police said.
Charges are pending against the suspect.