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CRS gets OK to sell property

April 22, 2002|BY DAN KULIN /Staff Writer

Hagerstown Trust partially released Community Rescue Service from a $1,345,361 court judgment to allow the ambulance company to sell property, Washington County Circuit Court Clerk Dennis Weaver said Friday.

The bank still has a judgment against CRS, he said.

If CRS sells a property that was not released in this way, the bank would be entitled to some of the money from the sale, he said.

CRS Executive Director J. Michael Nye said the partial release allowed CRS to sell property on Conrad Court.

Nye has said about $100,000 from the sale went to the bank and another $150,000 partially paid for a rescue vehicle purchased from Smithsburg Emergency Medical Services. The vehicle's cost is $200,000.

The bank filed the judgment against CRS seeking repayment of a 1997 loan.

Nye said as long as CRS makes monthly loan payments, "the matter is behind us."

Last month, Hagerstown Trust Executive Vice President Thomas Myers said bank officials will not comment on the matter due to customer confidentiality concerns.

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CRS is a private, nonprofit ambulance company serving about 35,000 homes and businesses in and around Hagerstown.

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