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Chewsville Cooperative property sold

August 25, 1998|By MATTHEW BIENIEK

CHEWSVILLE - The last remaining property of the Chewsville Cooperative Association will be offered for public sale today at the Washington County Courthouse.

Property to be sold includes the store and mill, two houses and several apartments.

"There are some killings to be made on these properties for people with vision," said attorney Roger Schlossberg, who was appointed receiver by the Washington County Circuit Court in July 1997.

The owner of the property will be able to guide the future of Chewsville, Schlossberg said.

Schlossberg represented six shareholders who filed suit to force the co-op out of business.

The co-op is many tens of thousands of dollars in debt, said Schlossberg. Sale proceeds must be used to pay creditors first, he said.

"We are optimistic some money will get back to shareholders," said Schlossberg. There are probably a few hundred shareholders in the co-op, but the exact number is unclear, he said.

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Schlossberg said he had no estimate of what price the properties might bring.

Property owned by the co-op in Smithsburg already has been sold, he said.

The Chewsville Cooperative Association was formed about 60 years ago by farmers in the Smithsburg-Chewsville area, said Schlossberg.

The co-op provided mill services and sold feed, seed, fertilizer and other farming supplies and products to both member and nonmember farmers.

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