There is No Exhibit Index
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):August 19, 1999
MLH INCOME REALTY PARTNERSHIP VI
(Exact name of registrant as specified in its governing instrument)
New York 0-15532 13-3272339
(State of Organization) Commission File Number (IRS Employer
Identification No.)
World Financial Center, South Tower
225 Liberty Street, New York, New York 10080-6112
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (800) 288-3694
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Item 5. Other Events
As previously reported, Treasure Island Associates ("TIA"), a joint venture
partnership between MLH Income Realty Partnership VI (the "Registrant") and an
unaffiliated entity, and Vestar-Athens Resorts, L.L.C., a Phoenix, Arizona based
real estate developer ("Athens"), entered into a contract and two amendments
thereto (the "Contract"), for the sale of the land formerly known as Treasure
Island, a former mobile home park located in Laguna Beach, California (the
"property").
At the request of Athens, on August 19, 1999 TIA executed a Consent to an
Assignment and Assumption Agreement pursuant to which Athens assigned its rights
under the Contract to a newly formed unaffiliated Delaware limited liability
company which is an affiliate of an experienced worldwide operator of hotels and
a New York Stock Exchange listed corporation. Such assignee has assumed the
rights and obligations of Athens under the Contract. All Contract terms remain
the same.
The Registrant wishes to ensure that statements made regarding expected
future developments regarding the property are accompanied by meaningful
cautionary statements pursuant to the safe harbor established in the Private
Securities Litigation Reform Act of 1995. These forward-looking statements are
based upon current available data and reflect the Registrant's expectations that
the property will be sold in accordance with the terms set forth in the
Contract. There can be no assurance that a sale will be consummated. Actual
closing of the sale is subject to future events and uncertainties, which could
materially affect the ability of the Registrant to consummate the sale.
Since this is the last remaining property investment of the Registrant,
pursuant to Section 8.1 (ii) of the Registrant's Amended and Restated Agreement
of Limited Partnership, the sale of this last property will cause the
dissolution of the Registrant. The Registrant will not be liquidated, however,
until payment of a final liquidating distribution to the Registrant's partners
of all of the Registrant's remaining assets.
Neither TIA nor the Registrant is an affiliate of Athens.
<PAGE>
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Partnership has duly caused this report to be signed
on its behalf by the undersigned, thereunto duly authorized.
MLH INCOME REALTY PARTNERSHIP VI
By: MLH Property Managers Inc.
Managing General Partner
By: /s/ Jack A. Cuneo
_________________
Jack A. Cuneo
Chairman, Chief Executive Officer,
President and Chief Operating Officer
Dated: August 26, 1999
