Public Briefings on Tax Increment Financing program

Published on April 05, 2023

The City of Kirkland will conduct public briefings regarding the proposed Tax Increment Financing (TIF) program to fund infrastructure improvements for transportation, a new sewer main, and parks development.

Transportation improvements include 124th Ave NE Roadway Widening: NE 84th Ln to NE 90th St. In order to support the full development of the NE 85th Street Station Area, 124th Avenue NE will need to be widened to five lanes and provide raised (grade separated from the street) and protected bike lanes and improved sidewalks from NE 85th Street through the NE 90th Street intersection.

A new sewer main alignment is needed to cross the I-405 along NE 90th Street and to improve the existing sewer line on NE 87th Street. 

The development of Forbes Lake Park is proposed to have a boardwalk with easy connections to North Rose Hill Woodlands Park as well as active transportation facilities nearby.

The TIF funding will also support smaller transportation, water, and sewer utility projects in the proposed area.

The briefings will include a description of the increment area, the public improvements proposed to be financed with the tax allocation revenues, and an estimate of tax revenues for the participating local governments and taxing districts, including the amounts allocated to the increment public improvements. 

The briefings will be held on:

• April 20, 2023 at 6 p.m. with public access available via: https://kirklandwa-gov.zoom.us/j/86514190317 Or One tap mobile: US: +12532158782,,86514190317#  or +12063379723,,86514190317# Or Telephone: Dial(for higher quality, dial a number based on your current location): US: +1 253 215 8782  or +1 206 337 9723  Webinar ID: 865 1419 0317
• April 26, 2023 at 10 a.m. with public access available via:  https://kirklandwa-gov.zoom.us/j/87976343247  Or One tap mobile: US: +12532158782,,87976343247#  or +12063379723,,87976343247# Or Telephone:Dial (for higher quality, dial a number based on your current location): US: +1 253 215 8782  or +1 206 337 9723  Webinar ID: 879 7634 3247

Both briefings will provide the same information.  The public is invited to attend the virtual briefings and present oral or written testimony regarding the TIF. 

For more information, please see the Kirkland NE 85th Street Station Area Tax Increment Project Analysis report(PDF, 8MB), or to submit a written comment to the City, contact/send to Michael Olson, Director of Finance and Administration, via email at Molson@kirklandwa.gov or phone 425 587 3146, to be received no later than the time of the briefing.

This article was updated on April 18, 2023 to include a link to the report noted above.