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$550,000, and Mr. Sessions donated the Bates Center to the
Northwest Texas Church of God in Christ.
Based upon our review of all the valuation evidence, giving
due consideration to our observation at trial of the witnesses
for both parties and considering their testimony and the expert
reports, we conclude that the Bates Center building was worth
$15.60 per square foot for a total value of $156,343.
C. Conclusion
We have found the fair market values of the Bates Center
land and Bates Center building on September 23, 1992, to be
$80,811 and $156,343, respectively. Therefore, the total value
of the Bates Center on September 23, 1992, was $237,154.
To reflect the foregoing,
Decisions will be entered
under Rule 155.
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