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 1974
A CALIFORNIA LIMITED PARTNERSHIP
AT $210.00 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
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TRANSACTION VALUATION* AMOUNT OF FILING FEE
$478,800 $95.76
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* FOR PURPOSES OF CALCULATING THE FILING FEE ONLY. THIS CALCULATION ASSUMES THE PURCHASE OF 2,280
UNITS AT A PURCHASE PRICE OF $210.00 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.
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AMOUNT PREVIOUSLY PAID: $68.40 FILING Equity Resource
FORM OF REGISTRATION NO.: SCHEDULE TO PARTY: Lexington Fund
Limited Partnership
DATE FILED: MAY 25, 2001
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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 25, 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 2,280 units (the "Units") of limited partnership
interests in Urban Improvement Fund Limited 1974, a California limited
partnership (the "Partnership"), at $150.00 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 25, 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 $210
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 25, 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 2,280 Units,
if tendered pursuant to the Offer has been increased to
$478,800.
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
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EXHIBIT NO. DESCRIPTION
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(a)(1) - Offer to Purchase, dated May 25, 2001*
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(a)(2) - Transmittal letter, dated May 25, 2001*
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(a)(3) - Agreement of Sale*
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(a)(4) Summary Advertisement*
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(a)(5)-- Letter, dated June 14, 2001, from the Purchaser to the limited partners
of the Partnership
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(a)(6)-- Press release, dated June 14, 2001
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(b) - Not applicable.
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(c) - Not applicable.
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(d)(1)- Not applicable.
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(e) - Not applicable.
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(f) - Not applicable.
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(g) Not applicable
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(h) Not applicable.
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* Previously filed