Three Bridges development agreement (Salem)
A Salem subdivision with an agreement under which the developer is to provide a replacement mailbox facility, water tank expansion and storage capacity for Woodland Hills. Final plats cover about 190 lots; the council is asking for periodic updates.
In review
- Type
- Development agreement
- Applicant
- Three Bridges (Larry Mylar)
- Location
- Three Bridges development, Salem, with access through Woodland Hills
In brief
Three Bridges development agreement (Salem) appears on one recorded agenda: the City Council meeting of October 6, 2026.
Follow the money and project delivery
Three Bridges development agreement (Salem)
- Council action
No approval or denial linked in the records collected.
- Money in the record
bond: $94.0 million — Largest of three Three Bridges project bonds as originally issued (now about $80 million), per the developer Record → · Oct. 6, 2026
- Signed agreement and payments
Execution and project-level disbursements are not verified by this tracker. They require separate records; meeting approval alone does not establish either.
- Work and operating costs
Check the linked records for completion and recurring operating costs; this tracker does not verify them. Record →
Every hearing and vote
October 6, 2026 · City Council
Update on the Three Bridges development in Salem
Discussed
Developer Larry Mylar said final plat approval covers about 190 lots, golf course and lot improvements are expected to continue in the spring, a few hundred lots have been pre-sold or reserved, and he expects a major announcement about a homebuilding partner within 30 to 60 days. Asked about liens and a possible foreclosure sale, he attributed the issues to funding difficulties and disputes with the bond group over timing and contract terms and said he did not expect a foreclosure sale or interruption. He said the largest of three bonds, originally about $94 million, has been paid down to about $80 million and is being refinanced, and described the default notice as part of the financing dispute. On an $8 million lien on a Woodland Hills parcel, he said a different entity holds that property and that it is cross-collateralized with a Saratoga Springs project. Council Member Hutchings asked what assurances the city has that the developer will provide a replacement mailbox facility when the county rebuilds the roundabout; Mylar said Three Bridges would prepare the new platform before the existing mailboxes are removed and that the water tank and storage agreement remains on track. Council members also raised dust from a soil stockpile, trespassing near the site and a request for a resident hotline. Mylar agreed to return with periodic updates.
- About 190 lots with final plat approval
- Largest bond reported paid down to about $80 million
- Developer expects an announcement within 30 to 60 days