La Plata Medical Center Associates, Ltd. v. United Bank of Durango

Petitioners La Plata Medical Center Associates (LPMCA) and Thomas J. Usher (Usher) petition from the court of appeals decision in Black v. First Federal Savings and Loan Association, 830 P.2d 1103 (Colo.App.1992). 1 The court of appeals affirmed the district court’s equitable ruling, but remanded the case for entry of one judgment in favor of First Federal Savings and Loan Association. We affirm,

I

In 1959, the La Plata County Hospital District (the hospital district) was formed, and a hospital was subsequently constructed. On October 14, 1982, the hospital district entered into a limited…