UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K/A
Amendment #1 to Form 10-K
[X] Annual Report Pursuant to Section 13 or 15(d)
of the Securities and Exchange Act of 1934
For the fiscal year ended Commission File Number
December 31, 1999 2-96042
CAPITAL BUILDERS DEVELOPMENT PROPERTIES,
A CALIFORNIA LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
California 77-0049671
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
1130 Iron Point Road, Suite 170, Folsom, California 95630
(Address of principal executive offices) Zip Code
Registrant's telephone number, including area code: (916) 353-0500
Securities registered pursuant to Section 12(b) of the Act: NONE
Securities registered pursuant to Section 12(g) of the Act: Limited
Partnership Units
Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or such shorter
period that the registrant was required to file such reports), and
(2) has been subject to such filing requirements for the past 90
days. X Yes No
As of December 31, 1999 the aggregate Limited Partnership Units held
by nonaffiliates of the registrant was 13,787. There is no market
for the units.
Documents Incorporated by Reference
Limited Partnership Agreement dated May 1, 1985, filed as Exhibit
3.3, and the Amendment to the Limited Partnership Agreement dated
November 20, 1985 filed as Exhibit 3.4 to Registration Statement No.
2-96042 of Capital Builders Development Properties, A California
Limited Partnership, are hereby incorporated by reference into Part
IV of this Form 10K.
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Page Number
INDEPENDENT AUDITORS' REPORT 11
FINANCIAL STATEMENTS
BALANCE SHEETS 12
AS OF DECEMBER 31, 1999, and 1998
STATEMENTS OF OPERATIONS 13
FOR THE YEARS ENDED
DECEMBER 31, 1999, 1998, and 1997
STATEMENTS OF PARTNERS' 14
(DEFICIT) EQUITY FOR THE YEARS ENDED
DECEMBER 31, 1999, 1998, and 1997
STATEMENTS OF CASH FLOWS 15
FOR THE YEARS ENDED
DECEMBER 31, 1999, 1998, and 1997
NOTES TO FINANCIAL STATEMENTS 16-23
SUPPLEMENTAL SCHEDULES
SCHEDULE III
REAL ESTATE AND ACCUMULATED DEPRECIATION 28
Financial schedules not included have been omitted because of the
absence of conditions under which they are required or because the
information is included elsewhere in this report.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
Capital Builders Development Properties and Subsidiary
A California Limited Partnership
By CAPITAL BUILDERS, INC.,
The Managing General Partner,
For and On Behalf of the
Capital Builders Development Properties
A California Limited Partnership
Michael J. Metzger, President Date
Pursuant to the requirements of the Securities Exchange Act of 1934,
this report has been signed below by the following persons on behalf
of the registrant and in the capacities and on the date indicated.
Signature Title Date
____________________ Associate General
Michael J. Metzger Partner; President and
Director of Capital
Builders, Inc. ("CB")
____________________ Chief Financial
Kenneth L. Buckler Officer of CB
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS PURSUANT TO
SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
The Partnership has not sent an annual report or proxy statements to
the Limited Partners and does not intend to send a proxy statement to
the Limited Partners. The Partnership will send the Limited Partners
an annual report and will furnish the Commission with copies of the
annual report on or before April 30, 2000.
<TABLE>
Capital Builders Development Properties
A California Limited Partnership
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31,1999
<CAPTION>
Column A Column B Column C Column D
<S> <C> <C> <C>
Cost
Captialized
Description Encumbrances Initial Cost Subsequent
to
Acquistion
Land (1) Improvements Carrying
(1) Costs
Commercial Office
Bldg.
Rancho Cordova $4,199,057 $1,143,165 $4,822,338 $19,482
Balance at
beginning of
period
Additions
Sale of Capital
Professional
Center
Deletions (2)
Balance at end of
period
Column A Column E
<S> <C>
Dscription Gross Carrying Amount at End of Period
Buildings &
Land Improvements Total(1)
Commercial
Office Bldg.
Rancho Cordova $1,353,177 $4,631,808 $5,984,985
Column E Total
1997 1998 1999
Balance at
beginning of
period $9,360,370 $5,174,921 $5,132,052
Additions 48,621 1,588 852,933
Sale of Capital
Professional
Center (4,172,587) 0 0
Deletions (2) (61,483) (44,457) 0
Balance at end
of period $5,174,921 $5,132,052 $5,984,985
Column A Column F Column G Column H Column I
<S> <C> <C> <C> <C>
Accumulated Date of Date Depreciation
Description Depreciation Construction Acquired Life
Commercial 40 Years
Office Bldg. (Bldg)
Rancho Cordova Life of
$1,470,519 1987 1985 Lease
(Tenant
Imp.)
Column F
Total
1997 1998 1999
Balance at $2,107,769 $1,227,141 $1,404,343
beginning of period
Additions 189,977 221,659 66,176
Sale of Capital
Professional (1,009,122) 0 0
Center
Deletions (2) (61,483) (44,457) 0
Balance at end of $1,227,141 $1,404,343 $1,470,519
period
1) Valuation allowance for possible investment loss of $742,000 at
December 31, 1995 was charged against the cost basis of the land and
building and improvements on a pro rata basis in accordance with the
provisions of SFAS No. 121 which was adopted on January 1, 1996.
2) Deletions represent the write-off of fully amortized tenant
improvement costs.
</TABLE>
