Agreement of Sale of Real Property Signed

100 W. Washington Street, Suite 1401

Hagerstown, MD 21740 | 240.313.2380

FOR IMMEDIATE RELEASE

CONTACT:

Danielle Weaver, Director

Phone: 240-313-2384

Email: dweaver@washco-md.net

AGREEMENT OF SALE OF REAL PROPERTY SIGNED

Advancement made in the sale of Fort Ritchie Military Reservation

HAGERSTOWN, MD (September 6, 2018) – On September 4, 2018, the Washington County Board of County Commissioners voted and approved the Agreement of Sale of Real Property to Issac Holdings, LLC, a South Korean company. The $6 million purchase of the former Fort Ritchie Military Reservation is being completed through Issac Holdings' agent and authorized representative, JG Business Link International, Inc. (JGBLI).

Today, Gun Seon Lee, on behalf of Issac Holdings, LLC and as chair of JGBLI, and President Terry Baker, on behalf of the Washington County Board of County Commissioners, delivered signatures to finalize the Agreement of Sale of Real Property at the Fort Ritchie Military Reservation. Lee’s signature of the Agreement of Sale came along with a deposit of $200,000 from Issac Holdings, LLC. The additional $400,000 of the total $600,000 deposit will be paid by October 1, 2018 and will be held in escrow pending settlement.

Closing is scheduled to occur on October 30, 2018.

For additional information contact Public Relations and Marketing Director Danielle Weaver at 240-313-2384.

###

About Washington County, Maryland Government

Washington County, Maryland Government strives to fulfill its duty to the citizens of Washington County with regard to operational efficiency, fiscal responsibility, and responsiveness to the needs of the community. This vision is used to ably assist the Board of County Commissioners of Washington County in achieving goals for moving the County forward as present needs and future plans are addressed.

According to the Maryland Department of Legislative Services, the Washington County General Fund has one of the lowest costs per capita for services provided of all 23 counties and Baltimore City. This is attributed to the efficiency, staffing levels, and cost containment exhibited in Washington County Government operations. Visit www.washco-md.net for more information.