Montgomery council debates developer reimbursement, drainage and scope in draft MOU for 32‑acre BCS Capital project

City of Montgomery officials spent more than two hours Wednesday night reviewing a draft memorandum of understanding (MOU) with BCS Capital for a proposed 32‑acre development, focusing on stormwater work, road improvements and a developer reimbursement formula the packet labels a “3 80 agreement.”

The MOU presented to the council is nonbinding, and city staff said it is a framework to negotiate a later development agreement. “An MOU is not binding by nature,” City staff member Catherine said while describing the document's role. Staff outlined proposed public improvements the developer could construct — including waterline extensions, sanitary and storm sewer upgrades, and potential roadway work on Buffalo Springs and C.B. Stewart — and a reimbursement mechanism capped in the draft at what staff described as “not to exceed $4,000,000.”

Coun…