The Parks and Downtown Improvement Corporation voted to approve a 20% lease reimbursement for 12 months to support a proposed bakery at 107 North Virginia Street in downtown Terrell. The incentive was approved on a motion from board member Mary, seconded by board member Stephanie, and carried after a voice vote.

The grant application was presented by Israel Aguirre, the applicant and owner, who said he and his wife intend to open a family-owned bakery in the former Wells Fargo building and aim to "open around Thanksgiving" if permits and construction proceed on schedule. Raelyn, a Downtown Improvement Corporation staff member, explained the application process and the program terms, saying the grant application collects expenses and that the board typically structures a performance agreement requiring the business to remain open for 12 months after receiving the reimbursement or repay the funds. Raelyn also confirmed the board's recent practice: "Lease reimbursement is 20% for 12 months."

Board members discussed construction status and business details. Israel said the grease trap and exterior electrical work are complete and that interior work remains, describing the project as mid-phase. The owner reported existing family bakery locations in Balch Springs and Mesquite and said those locations were performing well. Board members asked about parking and possible shared access with adjacent lots; Israel said owner Luis has indicated parking will be available but that shared-parking arrangements had not been finalized.

The board directed staff to prepare the standard performance agreement and tenant documents consistent with other downtown incentive recipients and approved the 20% lease reimbursement subject to those agreements. Mary made the motion to approve the reimbursement; Stephanie seconded. The formal vote recorded Mary as mover and Stephanie as second and confirmed the motion carried by voice vote; no opposing votes were recorded on the transcript.

The bakery application included a business plan and list of expenses; the board will finalize a performance agreement that sets the exact payment schedule and conditions. Israel thanked the board and invited members to visit the bakery when it opens.

The decision is contingent on permitting, successful completion of the remaining interior work, and completion of the board's standard performance agreement.