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)
September 24, 1998
E & J PROPERTIES, LTD.
a California Limited Partnership
(Exact name of registrant as specified in charter)
California
(State or other jurisdiction of incorporation)
O-9608
(Commission File Number)
94-2763152
(IRS Employer Identification Number)
2710 Gateway Oaks Drive, Suite 300 South
Sacramento, California 95833
(Address of principal executive office)
Registrant's telephone number, including area code: (916) 925-6620
ITEM 5. OTHER MATERIAL MATTERS
Reference: Forms 8-K dated June 26, 1998 and August 24, 1998
E & J Properties, Ltd., a California Limited Partnership, ("Seller"), and the
AKT Development Corporation ("Buyer"), pursuant to the sales agreement
previously entered into regarding the approxiamately 56 acres of its real
estate holdings in Sacramento, California, have agreed to extend the closing
dated from September 24, 1998 to October 19, 1998. On September 18, 1998, a
Phase I Environmental Site Assessment was completed. The Assessment indicated
the need to remove various domestic debris and waste fluids/materials from the
property. The purpose for the extension is to allow Seller time to remove the
debris and mateials from the property. Such removal, together with the cost of
the assessment and re-assessment related thereto, is estimated to cost Seller
no more than $10,000.00.
At this time Buyer has given no incation that the escrow will not close in a
timely manner if Seller completes the removal of the debris and materials
before the extended closing date.
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this
Report to be signed on its behalf by the undersigned, hereunder duly authorized.
Date: September 24, 1998
E & J PROPERTIES, LTD.
a California Limited Partnership
By: /s/ Elaine McKeon
ELAINE McKEON
General Partner
