Estate of Willie C. Lloyd, Deceased, Iva Nell Holman, Executrix - Page 34

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          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.                               






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