SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 30, 1999
ARVIDA/JMB PARTNERS, L.P. - II
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(Exact name of registrant as specified in its charter)
Delaware 0-19245 58-1809884
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(State or other) (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Organization
900 N. Michigan Avenue, Chicago, Illinois 60611-1575
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(Address of principal executive office)
Registrant's telephone number, including area code: (312) 440-4800
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ITEM 5. OTHER EVENTS
The Partnership filed a proof of claim in a bankruptcy proceeding
entitled In re: Landmark Land Co. of Florida, Inc., Civil Action No. 2-91-
3291, Bankruptcy No. 91-05816 against the debtor, Landmark Land Co. of
Florida, Inc. ("Landmark"), in the United States District Court for the
District of South Carolina, Charleston Division. The Partnership's claim
was for breach of a joint venture agreement and breach of contract, among
other things, relating to the Palm Beach Polo property. The proof of
claim, which was filed on March 6, 1992, sought damages, as well as pre-
and post-judgment interest, attorneys' fees and costs. The adversary
proceeding commenced in August, 1993. The matter was tried to the Court
over a five-week period ending in December, 1995. By order filed on
June 30, 1999, the Court disallowed the Partnership's claim in bankruptcy
in its entirety. The Court found Landmark responsible to the Partnership
in the amount of $19,732 spent by the Partnership to landscape the berm at
the property plus interest as provided by law. The Partnership has filed a
motion for a new trial and to modify the judgement. In addition, the
Partnership is seeking the advice of its counsel with regard to a potential
appeal of the order. The Partnership has assigned its interest in any net
proceeds (after payment of attorneys' fees and expenses) from a recovery on
its claim to its lender. Landmark has filed a petition seeking payment by
the Partnership of Landmark's attorneys' fees and expenses in the
litigation in the amount of approximately $3.5 million. The Partnership
intends to vigorously contest the petition.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
None
SIGNATURES
Pursuant to the requirements 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.
ARVIDA/JMB PARTNERS, L.P. - II
BY: Arvida/JMB Managers-II, Inc.
(The General Partner)
GARY NICKELE
By: Gary Nickele
Vice President
Date: August 4, 1999