Define API specifications

[glenflorendo]

Description

This PR creates a YAML file that defines the API specifications.

Related Issues

Resolves #551

Testing

N/A

Checklist

• [x] I have followed all conventions outlined in our documentation.
• [x] I have fully tested my changes and confirmed that all new and existing tests pass.
• [x] I have written meaningful commit messages for all changes.
• [x] I have linted and formatted my changes to follow the code style of this repository.
• [x] I have updated our documentation, accordingly.
• [x] I have checked currently opened pull requests to ensure that there are no pending pull request for the same changes or issues.
• [x] I have confirmed that this pull request fully meets the acceptance criteria for all related issues listed above.

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