On Track
Council Priority #5: City-Owned Property
Council Priorities

City of Bellevue’s Council Priorities

Description

Council Priority #5: Identify and implement strategies to facilitate use of city-owned property for affordable housing development. 

Period

Q4-25

Priority Status

On Track

Priority Status Legend

On Track |   Completed | Delayed/On hold | Not Started

Priority Icon

Staff Contact

Progress Updates

  • Released solicitation materials in Q1 2025 and moved into the “Proposal Evaluation” phase; developed an evaluation process in Q2 for implementation in early Q3 once proposals were received.
  • Completed two rounds of evaluation for both city-owned parcels designated for affordable housing development (Wilburton and Kelly) and advanced into the third phase of selection to reach a final recommendation for each site.
  • Completed 18 proposal evaluations for Wilburton and Kelly; concluded evaluation with selection of a development team for each site and held project kick-off meetings (August).
  • Continued contract negotiations with development teams:
    • Kelly TOD (BRIDGE Housing): Finalizing the Term Sheet (nonbinding agreement outlining roles, responsibilities, and expectations).
    • Wilburton TOD (Bellwether): Term Sheet executed by Bellwether; under review by Deputy City Manager and FAM Director for final approvals prior to City Manager execution.
    • 130th TOD (Su Development): Working to finalize the Exclusive Negotiation Agreement establishing a timeline/framework for negotiations and City protections to exit if terms aren’t met.

Look Ahead

  • Staff continues to work with legal counsel to prepare the Predevelopment and Ground lease Agreements with each developer. Final lease agreements for Council approval in Q1 2026.  

Milestones

Completed
Strategy Development & Engagement
Council Priorities | Completed 10/8/25
Completed
Proposal Review & Development
Council Priorities | Completed 9/30/25
Completed
Advertise availability of three city-owned sites
Council Priorities | Completed 3/31/25
Completed
Evaluate proposals for three city-owned sites
Council Priorities | Completed 9/30/25
Completed
Identify development teams for three city-owned sites
Council Priorities | Completed 9/30/25
On Track
Development Process
Council Priorities | 10/1/25 - 12/31/26
On Track
2026 Funding Applications from Developers Due in the Fall
Council Priorities | 10/1/25 - 12/31/26
On Track
Contract Negotiations and Council Approval
Council Priorities | 10/1/25 - 3/31/26
On Track
Developer Due Diligence and Conceptual Design
Council Priorities | 10/1/25 - 12/31/26

Reasonable Accommodation

For alternate formats, interpreters, or reasonable modification requests please phone at least 48 hours in advance 425-452-6800(voice) or email [email protected]. For complaints regarding modifications, contact the City of Bellevue ADA, Title VI, and Equal Opportunity Officer at [email protected].