Securities and Exchange Commission
450 Fifth Street, N.W.
Judiciary Plaza
Washington, D.C. 20549
Re: JMB Income Properties, VI
Commission File No. 0-9485
Form 8-K
Gentlemen:
Transmitted, for the above-captioned registrant, is the
electronically filed executed copy of registrant's current report on
Form 8K dated August 28, 1998.
Thank you.
Very truly yours,
JMB INCOME PROPERTIES - VI
By: JMB Realty Corporation
Managing General Partner
GAILEN J. HULL
By: Gailen J. Hull
Senior Vice President and
Principal Accounting Officer
Enclosures
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 28,
1998
JMB INCOME PROPERTIES, LTD. - VI
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(Exact name of registrant as specified in its charter)
Illinois 0-9485 36- 2936728
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(State or other) (Commission (IRS Employer
Jurisdiction of File Number)
Identification No.)
Organization
900 N. Michigan Avenue, Chicago, Illinois 60611-1575
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(Address of principal executive office)
Registrant's telephone number, including area code: (312)
915-1987
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Item 5. Other Events.
In May 1993 Holwick, Inc. ("Holwick") commenced a lawsuit
(the "Litigation") against JMB Income Properties, Ltd.-VI
(the "Partnership") and certain other parties, in which
Holwick alleged, among other things, claims against the
Partnership for breach of contract and certain other causes of
action in connection with a general contract (the "General
Contract") between the Partnership and Holwick as general
contractor for the installation of fire sprinkler and alarm
systems and related work at an office building then owned by
the Partnership. (In addition, a subcontractor of Holwick
also filed a claim against the Partnership seeking recovery of
money the subcontractor had allegedly spent in its performance
of work under the subcontract. This claim was previously
dismissed.) During 1997 the Partnership, Holwick and the other
parties to the Litigation entered into an agreement for the
settlement of the Litigation. Pursuant to the settlement
agreement, the Litigation was dismissed with prejudice, and
the parties released all claims against each other relating to
the subject matter of the Litigation. In addition, certain
funds were deposited into an account for release to Holwick
upon its delivery of releases (the "Creditor Releases") in
favor of the Partnership, the other defendants and their
respective affiliates from claims of certain creditors of
Holwick, some of whom have asserted claims to Holwick's
interest in the General Contract and the Litigation.
Holwick has not delivered the Creditor Releases and,
therefore, the settlement remains partly executory. There
exists a possibility that a
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creditor or creditors of Holwick could challenge the validity
of the settlement. However, the Partnership is no longer a
party to the Litigation and will terminate as a legal entity.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned thereunto duly
authorized.
JMB INCOME PROPERTIES, LTD. - VI
BY: JMB Realty Corporation
(Managing General Partner)
By: GAILEN J. HULL
Gailen J. Hull
Senior Vice President
Principal Accounting Officer
Dated: August 28, 1998
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