Estate of Willie C. Lloyd, Deceased, Iva Nell Holman, Executrix - Page 46

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          options.  See, e.g., United States v. Certain Land in the City of           
          Fort Worth, 414 F.2d 1029 (5th Cir. 1969); United States v.                 
          Smith, 355 F.2d 807 (5th Cir. 1966); United States v. Playa De              
          Flor Land & Improvement Co., 160 F.2d 131 (5th Cir. 1947); St.              
          Joe Paper Co. v. United States, 155 F.2d 93 (5th Cir 1946).  The            
          Supreme Court in Sharp questioned the integrity of such evidence            
          and stated that for a variety of reasons it often fails to                  
          provide a reliable reference for estimating the value of                    
          property.  Sharp v. United States, supra at 348.  However, the              
          rule in Sharp was designed to serve specific purposes and was not           
          meant to be enforced mechanically or without regard to the                  
          reasons for its existence.  University Computing Co. v. Lykes-              
          Youngstown Corp., 504 F.2d 518 (5th Cir. 1974).  In any event, we           
          need not consider its application to the instant case as                    
          petitioner correctly asserts that there is no evidence in the               
          record suggesting that any of the four appraisers, Tidwell,                 
          Hearn, Young, and Dilmore, considered the offers or options to              
          purchase in their estimation of the fair market value of either             
          parcel.  Although respondent advanced considerable argument with            
          regard to how this Court should interpret the contents of the               
          offers and options, we do not think it is necessary for us to               
          rely upon such evidence in deciding the issues at hand.  The                
          testimony at trial, coupled with the four appraisal reports,                
          provides ample evidence to support our decision without                     
          consideration of the offers and options to purchase.                        




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