Bellevue City Special Council Meeting - May 20, 2026

The Bellevue City Special Council Meeting held on May 20, 2026, focused primarily on the adoption of ordinance 6919, which establishes a tax increment financing (TIF) tool for the Grand Connection Crossing project. City staff presented updates on the TIF process, including the participation of all taxing districts and the need for administrative flexibility to adjust the increment area to remain within a $500 million valuation cap. The council voted to adopt the ordinance with an amendment allowing administrative adjustments to the increment area, setting a sunset date and construction commencement deadline. This action enables the city to move forward with financing the Grand Connection Crossing, a significant infrastructure initiative for Bellevue.