MURPHY, Chief Judge.
This case involves a taxpayers' action to enjoin, and conversely a real estate developer's suit to compel, the conveyance of a municipality's public right-of-way in part of a dedicated street, together with riparian rights purported to accrue as a result of the municipality's interest in the dedicated street.
I
In December 1984, Inlet Associates (Inlet) obtained an option to purchase property known as "Holt's Landing," located...
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