<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
----------------------
AMENDMENT NO. 2 (FINAL AMENDMENT) TO
SCHEDULE 14D-1
TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1)
OF THE SECURITIES EXCHANGE ACT OF 1934
AND
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 17)
SHELTER PROPERTIES I, LTD.
(Name of Subject Company)
AIMCO PROPERTIES, L.P.
(Bidder)
UNITS OF LIMITED PARTNERSHIP INTEREST
(Title of Class of Securities)
NONE
(CUSIP Number of Class of Securities)
PATRICK J. FOYE
APARTMENT INVESTMENT AND MANAGEMENT COMPANY
COLORADO CENTER, TOWER TWO
2000 SOUTH COLORADO BOULEVARD, SUITE 2-1000
DENVER, COLORADO 80222
(303) 757-8101
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications on Behalf of Bidder)
COPY TO:
JONATHAN L. FRIEDMAN
SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP
300 SOUTH GRAND, 34TH FLOOR
LOS ANGELES, CALIFORNIA 90071
(213) 687-5000
----------------------
<PAGE> 2
CALCULATION OF FILING FEE
- -------------------------------------------------------------------------------
Transaction Valuation* $6,876,401.26 Amount of Filing Fee: $1,375.28
- -------------------------------------------------------------------------------
* For purposes of calculating the fee only. This amount assumes the purchase
of 7,517 units of limited partnership interest of the subject partnership
for $914.78 per unit. The amount of the filing fee, calculated in
accordance with Section 14(g)(1)(B)(3) and Rule 0-11(d) under the
Securities Exchange Act of 1934, as amended, equals 1/50th of one percent
of the aggregate of the cash offered by the bidder.
[ ] Check box if any part of the fee is offset as provided by Rule 0-11(a)(2)
and identify the filing with which the offsetting fee was previously paid.
Identify the previous filing by registration statement number or the form
or schedule and the date of its filing.
<TABLE>
<S> <C>
Amount Previously Paid: $1,363.60 Filing Parties: AIMCO Properties, L.P.
</TABLE>
Form or Registration No.: Schedule 14D-1 Date Filed: November 17, 1999
(Continued on following pages)
Page 1 of 6
<PAGE> 3
CUSIP No. NONE
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
AIMCO PROPERTIES, L.P.
84-1275721
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
(a) [ ]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC, BK
5. (CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
--
8. SHARED VOTING POWER
2,984
9. SOLE DISPOSITIVE POWER
--
10. SHARED VOTING POWER
2,984
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,984
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 19.7%
14. TYPE OF REPORTING PERSON
PN
Page 2 of 6
<PAGE> 4
CUSIP No. NONE
1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
AIMCO-GP, INC.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
(a) [ ]
(b) [X]
3. SEC USE ONLY
4. SOURCE OF FUNDS
Not Applicable
5. (CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
7. SOLE VOTING POWER
--
8. SHARED VOTING POWER
2,984
9. SOLE DISPOSITIVE POWER
--
10. SHARED VOTING POWER
2,984
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,984
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
[ ]
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 19.7%
14. TYPE OF REPORTING PERSON
CO
Page 3 of 6
<PAGE> 5
CUSIP No. NONE
15. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
APARTMENT INVESTMENT AND MANAGEMENT COMPANY
84-129577
16. CHECK THE APPROPRIATE BOX IF A MEMBER OF GROUP
(a) [ ]
(b) [X]
17. SEC USE ONLY
18. SOURCE OF FUNDS
Not Applicable
19. (CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) OR 2(e)) [ ]
20. CITIZENSHIP OR PLACE OF ORGANIZATION
Maryland
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
21. SOLE VOTING POWER
--
22. SHARED VOTING POWER
9,993
23. SOLE DISPOSITIVE POWER
--
24. SHARED VOTING POWER
9,993
25. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,993
26. CHECK IF THE AGGREGATE AMOUNT IN ROW (7) EXCLUDES CERTAIN SHARES
[ ]
27. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (7)
Approximately 65.96%
Page 4 of 6
<PAGE> 6
AMENDMENT NO. 2 TO SCHEDULE 14D-1/AMENDMENT NO. 17 TO SCHEDULE 13D
This Statement (the "Statement") constitutes (a) Amendment No.
2 to the initial Schedule 14D-1 of AIMCO Properties, L.P. (the "AIMCO OP"),
relating to AIMCO OP's Litigation Settlement Offer to purchase units of limited
partnership interest ("Units") of Shelter Properties I, Ltd. (the
"Partnership"); and (b) Amendment No. 17 to the Schedule 13D (the "Schedule
13D") originally filed with the Securities and Exchange Commission (the
"Commission") on May 31, 1995, by Insignia Financial Group, Inc. ("Insignia")
and SP I Acquisition, L.L.C. ("SP I"), as amended by (i) Amendment No. 1, filed
with the Commission on June 14, 1995, by Insignia and SP I, (ii) Amendment No.
2, filed with the Commission on June 21, 1995 by Insignia and SP I, (iii)
Amendment No. 3, filed with the Commission on July 12, 1995 by Insignia and SP
I, (iv) Amendment No. 4, filed with the Commission On November 22, 1995 by
Insignia and SP I, (v) Amendment No. 5, filed with the Commission on April 24,
1997 by Insignia, Insignia Properties, L.P. ("IPLP"), SP I, Insignia Properties
Trust ("IPT") and Andrew L. Farkas, (vi) Amendment No. 6, filed with the
Commission on June 20, 1997 by Insignia, IPLP, IPT and Andrew L. Farkas, (vii)
Amendment No. 7, filed with the Commission on July 21, 1998 by Cooper River
Properties, L.L.C. ("Cooper River"), Insignia , IPLP, IPT and Andrew L. Farkas,
(viii) Amendment No. 8, filed with the Commission on August 18, 1998 by Cooper
River, Insignia, IPLP, IPT and Andrew L. Farkas, (ix) Amendment No. 9, filed
with the Commission on August 24, 1998 by Cooper River, Insignia, IPLP, IPT and
Andrew L. Farkas, (x) Amendment No. 10, filed with the Commission on September
24, 1998 by Cooper River, Insignia, IPLP, IPT and Andrew L. Farkas, (xi)
Amendment No. 11, filed with the Commission on October 26, 1998 by Cooper River,
IPLP, IPT, AIMCO OP, AIMCO-GP, Inc. ("AIMCO-GP") and Apartment Investment and
Management Company ("AIMCO"), (xii) Amendment No. 12, filed with the Commission
on June 10, 1999, by Cooper River, AIMCO/IPT, Inc. ("AIMCO/IPT"), IPLP, AIMCO
OP, AIMCO-GP and AIMCO, (xiii) Amendment No. 13, filed with the Commission on
July 8, 1999, by Cooper River, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO,
(xiv) Amendment No. 14, filed with the Commission on July 30, 1999 by Cooper
River, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO, (xv) Amendment No. 15,
filed with the Commission on November 17, 1999, by Cooper River, AIMCO/IPT,
IPLP, AIMCO OP, AIMCO-GP and AIMCO, and (xvi) Amendment No. 16, dated December
16, 1999, by Cooper River, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO. Cooper
River, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO are herein referred to as
the "Reporting Persons." The item numbers and responses thereto are set forth
below in accordance with the requirements of Schedule 14D-1.
ITEM 6. INTEREST IN SECURITIES OF THE SUBJECT COMPANY.
At midnight, New York time, on Thursday, December 30, 1999, the offer
expired pursuant to its terms. A total of 2,510 Units, representing
approximately 16.57% of the outstanding Units, were validly tendered and not
withdrawn pursuant to the offer. AIMCO OP has accepted for payment all of those
Units at $914.78 per Unit.
Page 5 of 6
<PAGE> 7
SIGNATURE
After due inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: January 10, 2000
COOPER RIVER PROPERTIES, L.L.C.
By: /s/ Patrick J. Foye
----------------------------
Executive Vice President
AIMCO/IPT, INC.
By: /s/ Patrick J. Foye
----------------------------
Executive Vice President
INSIGNIA PROPERTIES, L.P.
By: AIMCO/IPT, INC.
(General Partner)
By: /s/ Patrick J. Foye
----------------------------
Executive Vice President
AIMCO PROPERTIES, L.P.
By: AIMCO-GP, INC.
(General Partner)
By: /s/ Patrick J. Foye
----------------------------
Executive Vice President
AIMCO-GP, INC.
By: /s/ Patrick J. Foye
----------------------------
Executive Vice President
APARTMENT INVESTMENT
AND MANAGEMENT COMPANY
By: /s/ Patrick J. Foye
----------------------------
Executive Vice President
Page 6 of 6
