BEGLIN, A.J.S.C.
This is a case of first impression, concerning the ability of a municipality to acquire property and simultaneously lease it to nonprofit community agencies.
In 1957, the City of Summit purchased a four and one-half-acre tract of land adjoining an 11-acre city park. The agreement of purchase recognized the city's need to build a new school on a portion of the site and "its future municipal needs for the remainder of the premises." The property...
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