SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE TO/A TENDER OFFER STATEMENT PURSUANT TO SECTION 14(d)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 AMENDMENT NO. 1 (NAME OF SUBJECT COMPANY) URBAN IMPROVEMENT FUND LIMITED 1973-II A CALIFORNIA LIMITED PARTNERSHIP AT $155.00 NET PER UNIT BY EQUITY RESOURCE LEXINGTON FUND LIMITED PARTNERSHIP, A MASSACHUSETTS LIMITED PARTNERSHIP EQUITY RESOURCES GROUP, INC., A MASSACHUSETTS CORPORATION EGGERT DAGBJARTSSON, AN INDIVIDUAL LIMITED PARTNERSHIP UNITS Eggert Dagbjartsson, Executive Vice President Equity Resources Group, Inc. 14 Story Street Cambridge, MA 02138 (617) 876-4800 CALCULATION OF FILING FEE ============================================================================================================ TRANSACTION VALUATION* AMOUNT OF FILING FEE $351,385 $70.28 - ------------------------------------------------------------------------------------------------------------ * FOR PURPOSES OF CALCULATING THE FILING FEE ONLY. THIS CALCULATION ASSUMES THE PURCHASE OF 2,267 UNITS AT A PURCHASE PRICE OF $155.00 PER UNIT IN THE PARTNERSHIP. [X] CHECK BOX IF ANY PART OF THE FEE IS OFFSET AS PROVIDED BY RULE 0-11(a)(2) AND IDENTIFY THE FILING WITH WHICH THE OFFSETTING FEE WAS PREVIOUSLY PAID. IDENTIFY THE PREVIOUS FILING BY REGISTRATION STATEMENT NUMBER, OR THE FORM OR SCHEDULE AND THE DATE OF ITS FILING. - ------------------------------------------------------------------------------------------------------------ AMOUNT PREVIOUSLY PAID: $56.68 FILING Equity Resource FORM OF REGISTRATION NO.: SCHEDULE TO PARTY: Lexington Fund Limited Partnership DATE FILED: MAY 26, 2001 - ------------------------------------------------------------------------------------------------------------ ============================================================================================================ AMENDMENT NO. 1 This Amendment No. 1 amends and supplements the Tender Offer Statement on Schedule TO originally filed with the Securities and Exchange Commission on May 26, 2001 (the "Schedule TO") by Equity Resources Lexington Fund Limited Partnership, a Massachusetts limited partnership, Equity Resources Group, Inc., a Massachusetts corporation, and Eggert Dagbjartsson, an individual (together, the "Purchaser") to purchase 2,267 units (the "Units") of limited partnership interests in Urban Improvement Fund Limited 1973-II, a California limited partnership (the "Partnership"), at $125.00 for each Unit, net to the seller in cash, without interest, less the amount of any distributions declared or paid from any source by the Partnership with respect to the Units after May 26, 2001 (without regard to the record date), upon the terms and subject to the conditions set forth in this Offer to Purchase (the "Offer to Purchase") and in the Agreement of Sale, as each may be supplemented or amended from time to time (which together constitute the "Offer"). The information contained in the Offer to Purchase is incorporated herein by reference. Capitalized terms used and not defined herein shall have the meanings ascribed to such terms in the Offer to Purchase. ITEM 4--TERMS OF THE TRANSACTION Item 4 is hereby amended by the following: The purchase price for the Units has been increased to $155 per Unit, net to the seller in cash, less the amount of any distributions declared or paid from any source by the Partnership with respect to the Units after May 26, 2001, unless a limited partner was not entitled to receive that distribution. In addition, the expiration date of the offer has been extended until 12:00 midnight, Eastern Time, on June 28, 2001. ITEM 7--SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION Item 7 is hereby amended by the following: The total amount of funds necessary to purchase 2,267 Units, if tendered pursuant to the Offer has been increased to $351,385. ITEM 11--ADDITIONAL INFORMATION Item 11 is hereby amended to add the following: The information set forth in the letter to limited partners of the Partnership attached hereto as Exhibit (a)(5) and the press release attached hereto as Exhibit (a)(6) is incorporated by reference herein. ITEM 12--EXHIBITS Item 12 is hereby amended by adding the following exhibits, each of which is attached: (a)(5) Letter, dated June 14, 2001, from the Purchaser to the limited partners of the Partnership (a)(6) Press Release dated June 14, 2001 SIGNATURES After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: June 14, 2001 Equity Resource Lexington Fund Limited Partnership, a Massachusetts limited partnership By: /s/ Eggert Dagbjartsson ------------------------------------------ Eggert Dagbjartsson General Partner Equity Resources Group, Inc. A Massachusetts Corporation By: /s/ Eggert Dagbjartsson ------------------------------------------ Eggert Dagbjartsson Executive Vice President Eggert Dagbjartsson By: /s/ Eggert Dagbjartsson ------------------------------------------ Eggert Dagbjartsson Eggert Dagbjartsson EXHIBIT INDEX - ----------------------------------------------------------------------------------------------------------- EXHIBIT NO. DESCRIPTION - ----------------------------------------------------------------------------------------------------------- (a)(1) - Offer to Purchase, dated May 25, 2001* - ----------------------------------------------------------------------------------------------------------- (a)(2) - Transmittal letter, dated May 25, 2001* - ----------------------------------------------------------------------------------------------------------- (a)(3) - Agreement of Sale* - ----------------------------------------------------------------------------------------------------------- (a)(4) Summary Advertisement* - ----------------------------------------------------------------------------------------------------------- (a)(5)-- Letter, dated June 14, 2001, from the Purchaser to the limited partners of the Partnership - ----------------------------------------------------------------------------------------------------------- (a)(6)-- Press release, dated June 14, 2001 - ----------------------------------------------------------------------------------------------------------- (b) - Not applicable. - ----------------------------------------------------------------------------------------------------------- (c) - Not applicable. - ----------------------------------------------------------------------------------------------------------- (d)(1)- Not applicable. - ----------------------------------------------------------------------------------------------------------- (e) - Not applicable. - ----------------------------------------------------------------------------------------------------------- (f) - Not applicable. - ----------------------------------------------------------------------------------------------------------- (g) Not applicable - ----------------------------------------------------------------------------------------------------------- (h) Not applicable. - ----------------------------------------------------------------------------------------------------------- * Previously filed