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): July 27, 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
<PAGE>
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 an
amendment 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"). Athens plans to purchase the property and develop it as an
oceanfront resort community.
TIA and Athens have entered into a Second Amendment to the Contract
dated as of July 27, 1999 that provides for (i) an additional down payment of
$800,000 in the form of a promissory note that must be replaced with cash in
that amount by no later than August 10, 1999, and (ii) the closing date to be
extended from July 27, 1999 to August 31, 1999.
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 to Athens in accordance with the terms set forth in
the Contract, as amended. 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 to Athens.
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: July 28, 1999
