- 34 - to the contractual restriction prohibiting Bell from accessing its property from Cahaba River Road as evidence. Petitioner maintains that such a restriction indicates the zoning commission's desire to insulate the area west of Cahaba River Road from commercial growth and development. This may very well be the case, but the existence of the restriction also suggests that the zoning commission is willing to negotiate the issue of rezoning. As a result, we decline to construe the restriction, which is obviously the product of good-faith negotiation, as strictly as petitioner suggests. Another indication of the trend toward commercializing the area north of I-459 is that several investors and developers were interested in parcels A and B. Although none of the offers or options to purchase evolved into a sale, none of them were made or acquired with the expectation of developing the underlying property for residential purposes. Rather, the investors and developers expressing interest in such properties all did so with plans to develop commercially. The offer by Runnion in 1980 was made with an office development project in mind. The offer made by Institutional Investment Corp. for the purchase of parcel B was made with the objective of constructing "commercial buildings". The agreement between Lincoln and the trustees to enter into a partnership arrangement also involved plans to develop property north of I-459 commercially.Page: Previous 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Next
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