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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): September 5, 1995
JONES SPACELINK INCOME/GROWTH FUND 1-A, LTD.
(Exact name of registrant as specified in its charter)
Colorado 0-16939 84-1069504
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(State of Organization) (Commission File No.) (IRS Employer
Identification No.)
P.O. Box 3309, Englewood, Colorado 80155-3309 (303) 792-3111
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(Address of principal executive office and Zip Code (Registrant's
telephone no.
including area code)
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Item 5. Other Events
On September 5, 1995, Jones Spacelink Income/Growth Fund 1-A, Ltd., a
Colorado limited partnership (the "Partnership"), entered into two asset
purchase agreements pursuant to which it agreed to sell the cable television
systems serving the areas in and around Lake Geneva, Wisconsin (the "Lake
Geneva System") and the areas in and around Ripon, Wisconsin (the "Ripon
System") to Jones Intercable, Inc. ("Intercable") for a sales price of
$6,345,667 for the Lake Geneva System and a sales price of $3,712,667 for the
Ripon System. The sales price for each of the Lake Geneva System and the Ripon
System represents the average of three separate independent appraisals of the
fair market value of the Lake Geneva System and the Ripon System, respectively.
Intercable is the general partner of the Partnership.
The closings of the sales of the Lake Geneva System and the Ripon
System are expected to occur during the first quarter of 1996. No vote of
limited partners is required in connection with this transaction because the
Lake Geneva System and the Ripon System individually and collectively do not
represent the sale of all or substantially all of the Partnership's assets.
Pursuant to the terms of the Partnership's current credit agreement,
distribution of the proceeds from the sales of the Lake Geneva System and the
Ripon System is not permitted, and the proceeds must be applied to reducing the
Partnership's outstanding indebtedness. The Partnership will attempt to
refinance its credit agreement to permit a distribution to its limited partners
of a portion of the proceeds from the sales of the Lake Geneva System and the
Ripon System. There can be no assurance, however, that the Partnership's
credit facility will be refinanced and thus there can be no assurance of a
distribution to the limited partners of any portion of the sales proceeds.
Item 7. Financial Statements and Exhibits
a. Asset Purchase Agreement dated September 5, 1995 between Jones
Spacelink Income/Growth Fund 1-A, Ltd. and Jones Intercable, Inc. relating to
the Ripon System.
b. Asset Purchase Agreement dated September 5, 1995 between Jones
Spacelink Income/Growth Fund 1-A, Ltd. and Jones Intercable, Inc. relating to
the Lake Geneva System.
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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 hereunto duly authorized.
JONES SPACELINK INCOME/
GROWTH FUND 1-A, LTD.
By: JONES INTERCABLE, INC.,
its general partner
Dated: September 11, 1995 By: /s/ Robert S. Zinn
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Robert S. Zinn
Acting Vice President
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EXHIBIT INDEX
2.1 Asset Purchase Agreement dated September 5, 1995, between Jones Spacelink
Income/Growth Fund 1-A, Ltd. and Jones Intercable, Inc. relating to the Ripon
System.
2.2 Asset Purchase Agreement dated September 5, 1995, between Jones Spacelink
Income/Growth Fund 1-A, Ltd. and Jones Intercable, Inc. relating to the Lake
Geneva System.