CENTURY PROPERTIES FUND XVII
SC TO-T/A, 2000-09-19
REAL ESTATE
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                   SCHEDULE TO
                                (AMENDMENT NO. 4)

        TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR 13(e)(1) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                                       AND
                                  SCHEDULE 13D
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 23)

                          Century Properties Fund XVII
                          ----------------------------
                       (Name of Subject Company (Issuer))

                        AIMCO Properties, L.P. -- Offeror
                        ---------------------------------
            (Names of Filing Persons (Identifying Status as Offeror,
                            Issuer or Other Person))

                            Limited Partnership Units
                            -------------------------
                           (Title of Class Securities)

                                      None
                                      ----
                       (CUSIP Number of Class 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 numbers of person authorized
       to receive notices and communications on behalf of filing persons)

                                    Copy To:

                              Jonathan L. Friedman
                    Skadden, Arps, Slate, Meagher & Flom LLP
                       300 South Grand Avenue, 34th Floor
                          Los Angeles, California 90071
                                 (213) 687-5000



<PAGE>   2

                            Calculation of Filing Fee


<TABLE>
<CAPTION>
Transaction valuation*                                     Amount of filing fee
----------------------                                     --------------------
<S>                                                        <C>
$10,299,897                                                $2,060
</TABLE>

*     For purposes of calculating the fee only. This amount assumes the purchase
      of 33,333 units of limited partnership interest of the subject partnership
      for $309 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.

[X]   Check the 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.

Amount Previously Paid:   $2,060            Filing Party: AIMCO Properties, L.P.

Form or Registration No.: Schedule TO       Date Filed: July 26, 2000

                                   ----------

[ ] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the
statement relates:

[X] third-party tender offer subject to Rule 14d-1

[ ] issuer tender offer subject to Rule 13e-4

[ ] going-private transaction subject to Rule 13e-3

[X] amendment to Schedule 13D under Rule 13d-2

Check the following box if the filing is a final amendment reporting the results
of the tender offer: [ ]



                                       2
<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

                  15,833.50 Units

9.       SOLE DISPOSITIVE POWER

                  --

10.      SHARED DISPOSITIVE POWER

                  15,833.50 Units

11.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
         PERSON

                  15,833.50 Units

12.      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES
                                                                             [ ]

13.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                  Approximately 20%

14.      TYPE OF REPORTING PERSON

                  PN



                                       3
<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

                  15,833.50 Units

9.       SOLE DISPOSITIVE POWER

                  --

10.      SHARED DISPOSITIVE POWER

                  15,833.50 Units

11.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
         PERSON

                  15,833.50 Units

12.      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES
                                                                             [ ]

13.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                  Approximately 20%

14.      TYPE OF REPORTING PERSON

                  CO



                                       4
<PAGE>   5

CUSIP No.   NONE

1.       NAME OF REPORTING PERSONS
         S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

                  APARTMENT INVESTMENT AND MANAGEMENT COMPANY
                  84-129577

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

                  Maryland

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON

7.       SOLE VOTING POWER

                  --

8.       SHARED VOTING POWER

                  41,667 Units

9.       SOLE DISPOSITIVE POWER

                  --

10.      SHARED DISPOSITIVE POWER

                  41,667 Units

11.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
         PERSON

                  41,667 Units

12.      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES
                                                                             [ ]

13.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                  Approximately 54.4%

14.      TYPE OF REPORTING PERSON

                  CO



                                       5
<PAGE>   6

CUSIP No.   NONE

1.       NAME OF REPORTING PERSONS
         S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

                  INSIGNIA PROPERTIES, L.P.

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

                  25,833.50 Units

9.       SOLE DISPOSITIVE POWER

                  --

10.      SHARED DISPOSITIVE POWER

                  25,833.50 Units

11.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
         PERSON

                  25,833.50 Units

12.      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES
                                                                             [ ]

13.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                  Approximately 34.4%

14.      TYPE OF REPORTING PERSON

                  PN



                                       6
<PAGE>   7

CUSIP No.   NONE

1.       NAME OF REPORTING PERSONS
         S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)

                  AIMCO/IPT, 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

                  25,833.50 Units

9.       SOLE DISPOSITIVE POWER

                  --

10.      SHARED DISPOSITIVE POWER

                  25,833.50 Units

11.      AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
         PERSON

                  25,833.50 Units

12.      CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
         SHARES
                                                                             [ ]

13.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

                  Approximately 34.4%

14.      TYPE OF REPORTING PERSON

                  CO



                                       7
<PAGE>   8

                   AMENDMENT NO. 4 TO TENDER OFFER STATEMENT/
                        AMENDMENT NO. 23 TO SCHEDULE 13D

         This Statement (the "Statement") constitutes (a) Amendment No. 4 to the
Tender Offer Statement on Schedule TO of AIMCO Properties, L.P. (the "AIMCO
OP"), relating to an offer to purchase units of limited partnership interest
("Units") of Century Properties Fund XVII (the "Partnership"); and (b) Amendment
No. 23 to the Schedule 13D (the "Schedule 13D") originally filed with the
Securities and Exchange Commission (the "Commission") on August 29, 1995, by
Insignia Financial Group, Inc. ("Insignia"), IFGP Corporation ("IFGP"), Insignia
NPI, L.L.C. ("NPI"), Riverside Drive, L.L.C. ("Riverside") and Andrew L. Farkas,
as amended by (i) Amendment No. 1, filed with the Commission on January 30, 1996
by Insignia, IFGP, NPI, Riverside, Insignia Commercial Group, Inc.
("Commercial"), Insignia Properties Corporation ("IPC") and Andrew L. Farkas,
(ii) Amendment No. 2, filed with the Commission on February 26, 1996, by
Insignia, IFGP, NPI, Riverside, Commercial, IPC and Andrew L. Farkas, (iii)
Amendment No. 3, filed with the Commission on January 15, 1997, by Insignia,
Insignia Properties, L.P. ("IPLP"), Commercial, Insignia Properties Trust
("IPT") and Andrew L. Farkas, (iv) Amendment No. 4, filed with the Commission on
August 28, 1997, by IPLP Acquisition I, L.L.C. ("IPLP Acquisition"), IPLP, IPT,
Insignia and Andrew L. Farkas, (v) Amendment No. 5, filed with the Commission on
September 26, 1997, by IPLP Acquisition, IPLP, IPT, Insignia and Andrew L.
Farkas, (vi) Amendment No. 6, filed with the Commission on October 1, 1997, by
IPLP Acquisition, IPLP, IPT, Insignia and Andrew L. Farkas, (vii) Amendment No.
7, filed with the Commission on October 3, 1997, by IPLP Acquisition, IPLP, IPT,
Insignia and Andrew L. Farkas, (viii) Amendment No. 8, filed with the Commission
on October 7, 1997, by IPLP Acquisition, IPLP, IPT, Insignia and Andrew L.
Farkas, (ix) Amendment No. 9, filed with the Commission on November 11, 1997, by
IPLP Acquisition, IPLP, IPT, Insignia and Andrew L. Farkas, (x) Amendment No.
10, filed with the Commission on October 26, 1998, by IPLP Acquisition, IPLP,
IPT, AIMCO OP, AIMCO-GP, Inc. ("AIMCO-GP") and Apartment Investment and
Management Company ("AIMCO"), (xi) Amendment No. 11, filed with the Commission
on June 9, 1999, by IPLP Acquisition, AIMCO/IPT, Inc. ("AIMCO/IPT"), IPLP, AIMCO
OP, AIMCO-GP and AIMCO, (xii) Amendment No. 12, filed with the Commission on
July 8, 1999, by IPLP Acquisition, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and
AIMCO, (xiii) Amendment No. 13, filed with the Commission on July 30, 1999, by
IPLP Acquisition, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO, (xiv) Amendment
No. 14, filed with the Commission on October 25, 1999, by IPLP Acquisition,
AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO, (xv) Amendment No. 15, filed with
the Commission on November 17, 1999, by IPLP Acquisition, AIMCO/IPT, IPLP, AIMCO
OP, AIMCO-GP and AIMCO, (xvi) Amendment No. 16, filed with the Commission on
November 23, 1999, by IPLP Acquisition, AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and
AIMCO, (xvii) Amendment No. 17, dated December 16, 1999, by IPLP Acquisition,
AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO, (xviii) Amendment No. 18, dated
January 10, 2000, by AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO, (xix)
Amendment No. 19, dated July 24, 2000, by AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP
and AIMCO, (xx) Amendment No. 20, dated August 9, 2000, by AIMCO/IPT, IPLP,
AIMCO OP, AIMCO-GP and AIMCO, (xxi) Amendment No. 21, dated August



                                       8
<PAGE>   9

22, 2000, by AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and AIMCO, and (xxii) Amendment
No. 22, dated September 1, 2000, by AIMCO/IPT, IPLP, AIMCO OP, AIMCO-GP and
AIMCO.

                                   ----------

Item 12. Exhibits.

         (a)(1)            Offer to Purchase, dated July 24, 2000. (Previously
                           filed.)

         (a)(2)            Letter of Transmittal and related Instructions.
                           (Previously filed.)

         (a)(3)            Letter, dated July 24, 2000, from AIMCO OP to the
                           limited partners of the Partnership. (Previously
                           filed.)

         (a)(4)            Letter, from AIMCO OP to the limited partners of the
                           Partnership. (Previously filed.)

         (a)(5)            Press release, dated August 21, 2000. (Previously
                           filed.)

         (a)(6)            Letter of Transmittal and related Instructions in
                           connection with extension of tender offer period.
                           (Previously filed.)

         (a)(7)            Letter, dated August 21, 2000, from AIMCO OP to the
                           limited partners of the Partnership. (Previously
                           filed.)

         (a)(8)            Supplemental Offer to Purchase, dated August 21,
                           2000. (Previously filed.)

         (a)(9)            Supplement to Offer to Purchase, dated September 1,
                           2000. (Previously filed.)

         (a)(10)           Letter, dated August 30, 2000, from AIMCO OP to the
                           limited partners of the Partnership. (Previously
                           filed.)

         (a)(11)           Letter, dated September 18, 2000, from AIMCO OP to
                           the limited partners of the Partnership.

         (a)(12)           Press Release dated September 18, 2000.

         (b)(1)            Credit Agreement (Secured Revolving Credit Facility),
                           dated as of August 16, 1999, among AIMCO Properties,
                           L.P., Bank of America, Bank Boston, N.A., and First
                           Union National Bank. (Exhibit 10.1 to AIMCO's Current
                           Report on Form 8-K, dated August 16, 1999, is
                           incorporated herein by this reference.)

         (b)(2)            Amended and Restated Credit Agreement, dated as of
                           March 15, 2000, among AIMCO Properties, L.P., Bank of
                           America, Bank Boston, N.A., and First Union National
                           Bank. (Exhibit 10.20 to AIMCO Properties, L.P.'s
                           Annual Report on Form 10-K for the year ended
                           December 31, 1999, is incorporated herein by this
                           reference.)

         (b)(3)            First Amendment to $345,000,000 Amended and Restated
                           Credit Agreement, dated as of April 14, 2000, among
                           AIMCO Properties, L.P., Bank of America, as
                           Administrative Agent, and U.S. Bank National
                           Association, as Lender. (Exhibit 10.4 to AIMCO's
                           Quarterly Report on Form 10-Q for the quarter ended
                           March 31, 2000, is incorporated herein by this
                           reference.)

         (d)               Not applicable.

         (g)               Not applicable.

         (h)               Not applicable.

         (z)(1)            Agreement of Joint Filing, dated October 25, 1999,
                           among AIMCO, AIMCO-GP, AIMCO OP, AIMCO/IPT, and IPLP.
                           (Previously filed.)



                                       9
<PAGE>   10

                                    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.


Date: September 18, 2000

                                             AIMCO PROPERTIES, L.P.

                                             By: AIMCO-GP, INC.
                                                      (General Partner)

                                             By: /s/ Patrick J. Foye
                                                 -------------------------------
                                                 Executive Vice President

                                             AIMCO/IPT, INC.

                                             By: /s/ Patrick J. Foye
                                                 -------------------------------

                                             INSIGNIA PROPERTIES, L.P.

                                             By: AIMCO/IPT, 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>   11

                               INDEX TO EXHIBITS

<TABLE>
<CAPTION>
EXHIBIT
NUMBER            DESCRIPTION
-------           -----------

<S>               <C>
   (a)(1)         Offer to Purchase, dated July 24, 2000. (Previously filed.)

   (a)(2)         Letter of Transmittal and related Instructions. (Previously
                  filed.)

   (a)(3)         Letter, dated July 24, 2000, from AIMCO OP to the limited
                  partners of the Partnership. (Previously filed.)

   (a)(4)         Letter, from AIMCO OP to the limited partners of the
                  Partnership. (Previously filed.)

   (a)(5)         Press release, dated August 21, 2000. (Previously filed.)

   (a)(6)         Letter of Transmittal and related Instructions in connection
                  with extension of tender offer period. (Previously filed.)

   (a)(7)         Letter, dated August 21, 2000, from AIMCO OP to the limited
                  partners of the Partnership. (Previously filed.)

   (a)(8)         Supplemental Offer to Purchase, dated August 21, 2000.
                  (Previously filed.)

   (a)(9)         Supplement to Offer to Purchase, dated September 1, 2000.
                  (Previously filed.)

   (a)(10)        Letter, dated August 30, 2000, from AIMCO OP to the limited
                  partners of the Partnership. (Previously filed.)

   (a)(11)        Letter, dated September 18, 2000, from AIMCO OP to the limited
                  partners of the Partnership.

   (a)(12)        Press Release dated September 18, 2000.

   (b)(1)         Credit Agreement (Secured Revolving Credit Facility), dated as
                  of August 16, 1999, among AIMCO Properties, L.P., Bank of
                  America, Bank Boston, N.A., and First Union National Bank.
                  (Exhibit 10.1 to AIMCO's Current Report on Form 8-K, dated
                  August 16, 1999, is incorporated herein by this reference.)

   (b)(2)         Amended and Restated Credit Agreement, dated as of March 15,
                  2000, among AIMCO Properties, L.P., Bank of America, Bank
                  Boston, N.A., and First Union National Bank. (Exhibit 10.20 to
                  AIMCO Properties, L.P.'s Annual Report on Form 10-K for the
                  year ended December 31, 1999, is incorporated herein by this
                  reference.)

   (b)(3)         First Amendment to $345,000,000 Amended and Restated Credit
                  Agreement, dated as of April 14, 2000, among AIMCO Properties,
                  L.P., Bank of America, as Administrative Agent, and U.S. Bank
                  National Association, as Lender. (Exhibit 10.4 to AIMCO's
                  Quarterly Report on Form 10-Q for quarter ended March 31,
                  2000, is incorporated herein by this reference.)

   (d)            Not applicable.

   (g)            Not applicable.

   (h)            Not applicable.

   (z)(1)         Agreement of Joint Filing, dated October 25, 1999, among
                  AIMCO, AIMCO-GP, AIMCO OP, AIMCO/IPT and IPLP. (Previously
                  filed.)
</TABLE>


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