6
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 33-4682
CAPITAL BUILDERS DEVELOPMENT PROPERTIES II,
A CALIFORNIA LIMITED PARTNERSHIP
(Exact name of registrant as specified in its charter)
California 77-0111643
(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 23,030. There is no market for
the Units.
Documents Incorporated by Reference
Limited Partnership Agreement dated February 6, 1986, filed as Exhibit
3.3, and the Amendment to the Limited Partnership Agreement dated May
22, 1986 filed as Exhibit 3.4 to Registration Statement No. 33-4682 of
Capital Builders Development Properties II, 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 10
FINANCIAL STATEMENTS
11
BALANCE SHEETS
AS OF DECEMBER 31, 1999 AND 1998
STATEMENTS OF OPERATIONS 12
FOR THE YEARS ENDED
DECEMBER 31, 1999, 1998, AND 1997
STATEMENTS OF PARTNERS' EQUITY 13
FOR THE YEARS ENDED
DECEMBER 31, 1999, 1998, AND 1997
STATEMENTS OF CASH FLOWS 14
FOR THE YEARS ENDED
DECEMBER 31, 1999, 1998, AND 1997
NOTES TO FINANCIAL STATEMENTS 15-20
SUPPLEMENTAL SCHEDULES
SCHEDULE III 25
REAL ESTATE AND ACCUMULATED DEPRECIATION
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 II
a California Limited Partnership
By CAPITAL BUILDERS, INC.,
The Managing General Partner,
For and On Behalf of the
Capital Builders Development Properties II
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.
Capital Builders Development Properties II
A California Limited Partnership and Subsidiary
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION
December 31, 1999
Column A Column B Column C Column D
Cost
Capitalized
Subsequent
Description Encumbrances Initial Cost to
Acquisition
Improvements Carrying
Land (1) (1) Costs
Commercial
Office Bldg.
Highlands 80 $6,009,885 $2,115,148 $8,028,290 $50,225
Roseville 3,303,049 986,715 3,648,034 89,326
Commercial
Office Bldg. $9,312,934 $3,101,863 $11,676,324 $139,551
Balance at
beginning of
period
Additions
Deletions (2)
Balance at end
of period
Column A Column E
Description Gross
Carrying
Amount at End
of Period
Buildings &
Improvements
Land(1) (1) Total (1)
Commercial
Office Bldg.
Highlands 80 $2,622,014 $7,571,649 $10,193,663
Roseville 1,431,785 3,292,290 4,724,075
Commercial
Office Bldg. $4,053,799 $10,863,939 $14,917,738
Column E
Total
1997 1998 1999
Balance at
beginning of
period $8,912,355 $14,493,041 $14,423,435
Additions (3) 5,747,656 163,044 494,303
Deletions (2) (166,970) (232,650) 0
Balance at end
of period $14,493,041 $14,423,435 $14,917,738
Column A Column F Column G Column H Column I
Accumulated Date of Date Depreciation
Description Depreciation Construction Acquired Life
Commercial
Office Bldg.
Highlands 80 40 Years
$2,080,866 1987 1987 (Bldg.)
Roseville 40 Years
633,997 1987 1987 (Bldg.)
Commercial (Life of
Office Bldg. $2,714,863 Lease
Tenant Imp.)
Column F
Total
1997 1998 1999
Balance at
beginning of
period $1,426,812 $2,061,160 $2,280,524
Additions (3) 801,318 452,014 434,339
Deletions (2) (166,970) (232,650) 0
Balance at end
of period $2,061,160 $2,280,524 $2,714,863
1) Valuation allowance for possible investment loss of $469,000 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.
3) On May 1, 1997 the Partnership purchased the remaining 60%
interest in the Capital Builders Roseville Venture from CBDP I. The
acquisition has been accounted for using the purchase method of
accounting.