New Prospect Area Fire District v. New Prospect Ruritan Club

Moore, Associate Justice:

Respondent (Fire District) brought this declaratory judgment action to ascertain the parties’ relative interests in the New Prospect fire station and the .69-acre lot upon which it is located.1

Ruritan Club acquired the .69-acre lot in October 1964. On April 27, 1965, it entered an agreement with Fire District as follows:(1) Ruritan Club will deed the building lot to Fire District for a given price;(2) When the property is free of any loan or mortgage, Fire District will return the lot to the Ruritan Club but Fire District will continue the right to use said properties…