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BOARD OF COUNTY COMMISSIONERS
September 4, 20148
OPEN SESSION AGENDA
10:00 A.M. INVOCATION AND PLEDGE OF ALLEGIANCE
CALL TO ORDER, President Terry L. Baker
10:05 A.M. AGREEMENT OF SALE OF REAL PROPERTY - John Martirano, County Attorney
10:10 A.M. ADJOURNMENT
President
Jeffrey A. Cline, Vice
President
John F. Barr
Wayne K. Keefer
LeRoy E. Myers, Jr.
WWW.WASHCO-MD.NET
Open Session Item
SUBJECT: Agreement of Sale of Real Property
PRESENTATION DATE: September 4, 2018
PRESENTATION BY: John M. Martirano, County Attorney
RECOMMENDED MOTION: Move to approve the revised terms and conditions of the Agreement
of Sale of Real Property (“Agreement”) between the Board of County Commissioners of Washington
County, Maryland and Issac Holdings, LLC, through its agent and authorized representative, JG
Business Link International, Inc., as presented.
REPORT-IN-BRIEF: During the August 28, 2018 meeting of the Board of County Commissioners,
the Commissioners formally voted to approve the terms of the proposed Agreement relating to the sale
of the property generally known as Cascade Town Centre and formerly known as Fort Ritchie.
DISCUSSION: Issac Holdings, LLC has requested a change to the agreed upon terms relating to the
timing of the payment of the full deposit. Specifically, Issac Holdings, LLC has requested the deposit
be paid to the County in two installments with $200,000 to be paid at the time of the execution of the
Agreement and the second installment in the amount of $400,000 to be paid on or before October 1,
2018. The total deposit amount will remain $600,000.
FISCAL IMPACT: The total deposit amount will remain $600,000.
CONCURRENCES: N/A
ALTERNATIVES: Not agree to the revised deposit terms
ATTACHMENTS: None
AUDIO/VISUAL NEEDS:
Board of County Commissioners of Washington County, Maryland
Agenda Report Form