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MEM. POINT MUN. UTIL. v. UNITED SAV.

No. A14-83-022CV.

666 S.W.2d 203 (1983)

MEMORIAL POINT MUNICIPAL UTILITY DISTRICT, Appellant, v. UNITED SAVINGS ASSOCIATION OF TEXAS, Appellee.

Court of Appeals of Texas, Houston (14th Dist.).

Rehearing Denied January 19, 1984.

Attorney(s) appearing for the Case

Janet Marton, Hutchison & Marton, William J. Philbin, Houston, for appellant.

C. Henry Kollenberg, Schlanger, Cook, Cohn, Mills & Grossberg, Houston, for appellee.

Before J. CURTISS BROWN, C.J., and DRAUGHN and ELLIS, JJ.

J. CURTISS BROWN, Chief Justice.

This is an appeal from a summary judgment granted in favor of United Savings Association. We reform the judgment of the trial court, and, as reformed, we affirm.

In 1976, Southwestern Savings Association, developer of the property served by appellant (and predecessor in interest to United Savings Association) ("Developer"), offered to loan $38,000 to Memorial Point Utility District ("District"). Appellee made its offer in an...

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