Neal T. Baker Enterprises, Inc. - Page 48

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          tentative map.  We note Mr. Dotson's testimony that submitting a            
          tentative map is not required to determine costs and the                    
          project's profitability.  However, using the process of tentative           
          maps is one means to determine costs and conditions for                     
          development.                                                                
               In this case, the tentative map for the Exchange Property              
          was approved in June 1986.  Afterwards from 1986 to 1989,                   
          petitioner spent 3 years to process the tentative map to the                
          point the final map was ready to be recorded in 1988.  Petitioner           
          states that this process indicated that the development would not           
          be profitable.  In attempting to establish its intent to not                
          develop the property, petitioner stresses the fact that the final           
          map was not recorded by petitioner, and that the final map would            
          have expired in June 1989.  Mr. Garner testified that Mr. Baker             
          "did not feel that he wanted to go ahead with the recording of              
          the map.  So we were never given instructions to finish                     
          processing the final map and the street plans."  However, we                
          agree with Mr. Dotson's statement that he did not assign any                
          significance to petitioner's waiting to record the final map.               
               In our view petitioner went further than merely determining            
          the feasibility of developing the Exchange Property.  Whether               
          petitioner would have let the tentative map on the Exchange                 
          Property expire is subject to speculation.  However, we know that           
          petitioner's actions on the Exchange Property made the property             
          more marketable.  By 1988, the final map was ready to be                    



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