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Montgomery council authorizes staff to negotiate BCS MOU with $4 million cap
Summary
After extended discussion about infrastructure costs and developer incentives, the Montgomery City Council voted to authorize staff to negotiate a memorandum of understanding (MOU) with BCS Capital capped at $4,000,000 and return a final agreement to the council at the next meeting.
The City of Montgomery City Council on March 25 authorized city staff to negotiate a memorandum of understanding with BCS Capital, capped at $4,000,000, and directed staff to present a final MOU at the council’s next meeting in April.
Council members framed the item as an economic-development negotiation that could reshape commercial development in Montgomery. Council member Michelle moved to authorize staff to…
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