PIEDMONT INTERSTATE FAIR ASSN. v. City of Spartanburg

Walter T. Cox, III, Acting Associate Justice.

Appellant, City of Spartanburg, appeals an order interpreting a lease agreement entered into between the City and The Piedmont Interstate Fair Association, Respondent. This declaratory judgment action was commenced by appellant seeking an adjudication as to whether upon the expiration of the term of a lease agreement the assets of the respondent, consisting of cash and land of an approximate value of Four Hundred Thousand ($400,000.00) Dollars, belonged to appellant or to respondent. The lower court found that the assets held by the respondent…