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County Commissioners

February 16, 1998

County Commissioners

The Washington County Commissioners approved a rezoning Feb. 10 for a new motel and fast-food/convenience store on Sharpsburg Pike.

Hagerstown developer Stephen B. Sagi wants to develop the two-acre property at the intersection of Col. Henry K. Douglas Drive opposite Wendy's with a new 120-room Sleep Inn motel, a fast-food/convenience store and a restaurant, according to planning documents filed by Sharpsburg Pike LLC.

The commissioners rezoned the property to Highway Interchange 1, a commercial zone, from Highway Interchange 2, a residential zone.

Sleep Inn is a fast-growing budget chain in the Choice Hotels lodging empire. Sleep Inns offer a satisfaction guarantee and have room rates in the $40 to $60 range, according to the company.

Sagi, owner of Valley Properties Inc., Georgie's Subs and Pizza and Landon Exports, struggled financially when recession hit in 1989 after borrowing $22 million from Home Federal and Hagerstown Trust to build a real estate empire in the 1980s. The banks and other creditors then foreclosed on millions of dollars of his property. Some of the foreclosed property was later purchased by his wife, Iris.

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A 38.6-acre property adjacent to Valley Mall, Hickory Elementary School and Interstate 81 was rezoned Feb. 10 Highway Interchange 1 from Residential Multi-family by the Washington County Commissioners.

The Commissioners attached conditions to the rezoning that require a 75-foot buffer from neighboring residential properties and prohibit access from Hickory School Road.

The property is owned by FMW Partnership and has a half-mile of frontage on the Interstate.

The HI-1 zoning allows a variety of intense commercial uses.

- Steven T. Dennis

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