UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 10-QSB
(mark one)
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d)
- --- OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended: June 30, 2003
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d)
- ---- OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
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Commission file number 000-16757
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CONCORD MILESTONE PLUS, L.P.
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(Exact Name of Small Business Issuer as Specified in its Charter)
Delaware 52-1494615
- -------------------------------------- ------------------------------------
(State or Other Jurisdiction of (I.R.S. Employer Identification No.)
Incorporation or Organization)
200 CONGRESS PARK DRIVE
SUITE 103
DELRAY BEACH, FLORIDA 33445
- ---------------------------------------- ------------
(Address of Principal Executive Offices) (Zip Code)
(561) 394-9260
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Issuer's Telephone Number
As of July 30, 2003, 1,518,800 Class A interests and 2,111,072 Class B interests
were outstanding.
Transitional small business disclosure format.
Yes No X
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PART I - FINANCIAL INFORMATION
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ITEM 1. FINANCIAL STATEMENTS
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CONCORD MILESTONE PLUS, L.P.
(A LIMITED PARTNERSHIP)
BALANCE SHEETS
JUNE 30, 2003 (UNAUDITED) AND DECEMBER 31, 2002
Assets: June 30, 2003 December 31,2002
------------- ----------------
Property:
Building and improvements, at cost $16,429,815 $16,248,673
Less: accumulated depreciation 8,753,507 8,431,139
----------- ----------
Building and improvements, net 7,676,308 7,817,534
Land, at cost 10,987,034 10,987,034
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Property, net 18,663,342 18,804,568
Cash and cash equivalents 1,136,546 1,005,152
Accounts receivable 124,107 173,001
Restricted cash 263,926 244,594
Debt financing costs, net 133,168 148,835
Due from affiliates 979 -
Prepaid expenses and other assets, net 14,002 66,082
----------- -----------
Total assets $20,336,070 $20,442,232
=========== ===========
Liabilities:
Mortgage loans payable $15,548,285 $15,675,953
Accrued interest 105,805 110,228
Deposits 104,591 92,394
Accrued expenses and other liabilities 302,669 286,382
Accrued expenses payable to affiliates - 1,006
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Total liabilities 16,061,350 16,165,963
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Commitments and Contingencies
Partners' capital:
General partner (79,817) (79,802)
Limited partners:
Class A Interests, 1,518,800 4,354,537 4,356,071
Class B Interests, 2,111,072 - -
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Total partners' capital 4,274,720 4,276,269
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Total liabilities and partners' capital $20,336,070 $20,442,232
=========== ===========
See Accompanying Notes to Financial Statements
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CONCORD MILESTONE PLUS, L.P.
(A LIMITED PARTNERSHIP)
STATEMENTS OF REVENUES AND EXPENSES
(UNAUDITED)
FOR THE THREE MONTHS ENDED JUNE 30, 2003 AND 2002
June 30, 2003 June 30, 2002
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Revenues:
Rent $670,292 $665,690
Reimbursed expenses 156,639 146,534
Bad debts recovered - 116,328
Interest and other income 4,197 8,692
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Total revenues 831,128 937,244
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Expenses:
Interest expense 321,363 326,416
Depreciation and amortization 171,750 164,155
Management and property expenses 244,417 265,906
Administrative and management fees to affiliates 51,988 55,529
Professional fees and administrative expenses 30,748 22,075
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Total expenses 820,266 834,081
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Net income $ 10,862 $103,163
======== ========
Net income attributable to:
Limited partners $ 10,753 $102,131
General partner 109 1,032
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Net income $ 10,862 $103,163
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Income per weighted average
Limited Partnership 100 Class A
Interests outstanding, basic & diluted $ 0.72 $ 6.79
======== ========
Weighted average number of 100
Class A interests outstanding 15,188 15,188
======== ========
See Accompanying Notes to Financial Statements
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CONCORD MILESTONE PLUS, L.P.
(A LIMITED PARTNERSHIP)
STATEMENTS OF REVENUES AND EXPENSES
(UNAUDITED)
FOR THE SIX MONTHS ENDED JUNE 30, 2003 AND 2002
June 30, 2003 June 30, 2002
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Revenues:
Rent $1,321,154 $1,338,591
Reimbursed expenses 298,119 268,402
Bad debts recovered - 116,328
Interest and other income 8,511 16,168
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Total revenues 1,627,784 1,739,489
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Expenses:
Interest expense 640,548 650,495
Depreciation and amortization 341,147 325,732
Management and property expenses 495,738 515,420
Administrative and management fees to affiliates 103,023 106,557
Professional fees and administrative expenses 48,877 42,201
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Total expenses 1,629,333 1,640,405
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Net (loss) income $ (1,549) $ 99,084
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Net (loss) income attributable to:
Limited partners $ (1,534) $ 98,093
General partner (15) 991
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Net (loss) income $ (1,549) $ 99,084
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Income (loss) per weighted average
Limited Partnership 100 Class A
Interests outstanding, basic & diluted $ (0.10) $ 6.52
========== ==========
Weighted average number of 100
Class A interests outstanding 15,188 15,188
========== ==========
See Accompanying Notes to Financial Statements
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CONCORD MILESTONE PLUS, L.P.
(A LIMITED PARTNERSHIP)
STATEMENTS OF CHANGES IN PARTNERS' CAPITAL
(UNAUDITED)
FOR THE SIX MONTHS ENDED JUNE 30, 2003
General Class A Class B
Total Partner Interests Interests
--------- ----------- ------------- -------------
PARTNERS' CAPITAL (DEFICIT)
January 1, 2003 $4,276,269 $(79,802) $4,356,071 $ 0
Net Loss (1,549) (15) (1,534) 0
---------- -------- ---------- ------
PARTNERS' CAPITAL (DEFICIT)
June 30, 2003 $4,274,720 $ (79,817) $4,354,537 $ 0
========== ========= ========== ======
See Accompanying Notes to Financial Statements
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CONCORD MILESTONE PLUS, L.P.
(A LIMITED PARTNERSHIP)
STATEMENTS OF CASH FLOWS
(UNAUDITED)
FOR THE SIX MONTHS ENDED JUNE 30, 2003 AND 2002
June 30, 2003 June 30, 2002
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CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income $ (1,549) $ 99,084
Adjustments to reconcile net (loss) income to net
cash provided by operating activities:
Depreciation and amortization 341,147 325,732
Change in operating assets and liabilities:
Decrease (increase) in accounts receivable 48,894 (2,523)
Decrease in prepaid expenses and other assets, net 47,989 44,483
Decrease in accrued interest (4,423) (4,410)
Increase in accrued expenses, deposits, and other liabilities 28,484 35,848
(Decrease) increase in accrued expenses payable to affiliates (1,006) 2,988
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Net cash provided by operating activities 459,536 501,202
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CASH FLOWS FROM INVESTING ACTIVITIES:
Property improvements (181,142) (108,811)
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CASH FLOWS FROM FINANCING ACTIVITIES:
Increase in restricted cash (19,332) (1,220)
Principal repayments on mortgage loans payable (127,668) (117,733)
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Net cash used in financing activities (147,000) (118,953)
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NET INCREASE IN
CASH AND CASH EQUIVALENTS 131,394 273,438
CASH AND CASH EQUIVALENTS,
BEGINNING OF PERIOD 1,005,152 705,399
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CASH AND CASH EQUIVALENTS,
END OF PERIOD $1,136,546 $ 978,837
========== =========
SUPPLEMENTAL DISCLOSURE OF CASH FLOW
INFORMATION:
Cash paid during the period for interest $ 644,971 $ 654,905
========== =========
See Accompanying Notes to Financial Statements
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INDEPENDENT ACCOUNTANTS' REVIEW REPORT
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To the Board of Directors of CM Plus Corporation, General Partner of
Concord Milestone Plus, L.P.
We have reviewed the accompanying balance sheet of Concord Milestone Plus, L.P.
(the "Partnership") as of June 30, 2003, and the related statements of revenues
and expenses, changes in partners' capital, and cash flows for the three month
and six month periods ended June 30, 2003 and June 30, 2002. These financial
statements are the responsibility of the management of the Partnership.
We conducted our reviews in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures to
financial data and making inquiries of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the expression of an opinion regarding the financial statements taken as a
whole. Accordingly, we do not express such an opinion.
Based on our reviews, we are not aware of any material modifications that should
be made to the accompanying interim financial statements referred to above for
them to be in conformity with accounting principles generally accepted in the
United States of America.
We have previously audited, in accordance with auditing standards generally
accepted in the United States of America, the balance sheet of the Partnership
as of December 31, 2002, and the related statements of revenues and expenses,
changes in partners' capital, and cash flows for the year then ended (not
presented herein); and in our report dated February 21, 2003, we expressed an
unqualified opinion on those financial statements. In our opinion, the
information set forth in the accompanying balance sheet as of December 31, 2002
is fairly stated, in all material respects, in relation to the balance sheet
from which it has been derived.
/s/ Ahearn, Jasco + Company, P.A.
AHEARN, JASCO + COMPANY, P.A.
Certified Public Accountants
Pompano Beach, Florida
August 4, 2003
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CONCORD MILESTONE PLUS, L.P.
(A LIMITED PARTNERSHIP)
NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)
FOR THE SIX MONTHS ENDED JUNE 30, 2003
The accompanying financial statements have been prepared in accordance with
generally accepted accounting principles for interim financial information and
with the instructions to Form 10-QSB and Item 310(b) of Regulation S-B.
Accordingly, they do not include all of the information and footnotes required
by generally accepted accounting principles for complete financial statements.
In the opinion of management, all adjustments (consisting of normal recurring
accruals) considered necessary for a fair presentation have been included. The
financial statements as of and for the periods ended June 30, 2003 and 2002 are
unaudited. The financial statements for the periods ended June 30, 2003 and 2002
have been reviewed by an independent public accountant pursuant to Item 310(b)
of Regulation S-B and following applicable standards for conducting such
reviews, and the report of the accountant is included as part of this filing.
The results of operations for the interim periods shown in this report are not
necessarily indicative of the results of operations for the fiscal year. Certain
information for 2002 has been reclassified to conform to the 2003 presentation.
These interim financial statements should be read in conjunction with the annual
financial statements and footnotes included in the Partnership's financial
statements filed on Form 10-K for the year ended December 31, 2002.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS
GENERAL
This Form 10-QSB and the documents incorporated herein by reference, if
any, contain forward-looking statements that have been made within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such forward-looking statements are
based on current expectations, estimates and projections about the Partnership's
(as defined below) industry, management beliefs, and certain assumptions made by
the Partnership's management and involve known and unknown risks, uncertainties
and other factors. Such factors include the following: general economic and
business conditions, which will, among other things, affect the demand for
retail space or retail goods, availability and creditworthiness of prospective
tenants, lease rents and the terms and availability of financing; risks of real
estate development and acquisition; governmental actions and initiatives; and
environmental and safety requirements. These statements are not guarantees of
future performance and are subject to certain risks, uncertainties and
assumptions that are difficult to predict; therefore, actual results may differ
materially from those expressed or forecasted in any such forward-looking
statements.
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ORGANIZATION AND CAPITALIZATION
Concord Milestone Plus, L.P., a Delaware limited partnership (the
"Partnership"), was formed on December 12, 1986, for the purpose of investing in
existing income-producing commercial and industrial real estate. The general
partner is CM Plus Corporation. The Partnership began operations on August 20,
1987, and currently owns and operates three shopping centers located in Searcy,
Arkansas; Valencia, California; and Green Valley, Arizona.
The Partnership commenced a public offering on April 8, 1987 in order to
fund the Partnership's real property acquisitions. The Partnership terminated
its public offering on April 2, 1988 and was fully subscribed to with a total of
16,452 Bond Units and 15,188 Equity Units issued. Each Bond Unit consisted of
$1,000 principal amount of Bonds and 36 Class B Interests. The Partnership
redeemed all of the outstanding Bonds as of September 30, 1997 with the proceeds
of three new fixed rate mortgage loans. Each Equity Unit consists of 100 Class A
Interests and 100 Class B Interests. Capital contributions to the Partnership
consisted of $15,187,840 from the sale of the Equity Units and $592,272 which
represent the Class B Interests from the sale of the Bond Units.
RESULTS OF OPERATIONS
COMPARISON OF THREE MONTHS ENDED JUNE 30, 2003 TO THREE MONTHS ENDED
JUNE 30, 2002
The Partnership recognized a net income of $10,862 for the three months
ended June 30, 2003 as compared to a net income of $103,163 for the same period
in 2002.The change is primarily due to the following factors:
(i) A decrease in revenue of $106,116 or 11.3% to $831,128 for the three
months ended June 30, 2003 as compared to $937,244 for the three months ended
June 30, 2002. The net decrease is due to the following a) an increase of
$10,105 mainly due to an increase in insurance premiums at all properties and
accrued real estate tax reimbursed expenses at the Valencia property and b) a
one time bad debt recovery of $116,328 incurred in 2002 from a tenant bankruptcy
settlement. (No such rent was collected in 2003.)
(ii) A decrease in expenses of $13,815 or 1.6% to $820,266 for the three
months ended June 30, 2003 as compared to $834,081 for the three months ended
June 30, 2002. The net decrease is primarily due to the following: a) a decrease
in management and property expenses of $21,489 primarily due to decrease in real
estate tax at the Green Valley property and b) an increase in professional fees
and administrative expenses of $8,673 due to an increase in accounting and legal
fees.
COMPARISON OF SIX MONTHS ENDED JUNE 30, 2003 TO SIX MONTHS ENDED JUNE 30, 2002
The Partnership recognized a net loss of $1,549 for the six months ended
June 30, 2003 as compared to a net income of $99,084 for the same period in
2002.The change is primarily due to the following factors:
(i) A decrease in revenue of $111,705 or 6.4% to $1,627,784 for the six
months ended June 30, 2003 as compared to $1,739,489 for the six months ended
June 30, 2002. The net decrease is due to the following: a) an increase of
$29,717 mainly due to an increase in insurance premiums at all properties and
accrued real estate tax reimbursed expenses at the Valencia property b) a one
time bad debt recovery of $116,328 incurred in 2002 from a tenant bankruptcy
settlement (no such rent was collected in 2003), and c) a decrease in base rent
collected by the Partnership of $17,437 due to the increase in vacancy at the
Green Valley and Valencia properties.
(ii) A decrease in expenses of $11,072 or 0.7% to $1,629,333 for the six
months ended June 30, 2003 as compared to $1,640,405 for the six months ended
June 30, 2002. The net decrease is primarily due to the following: a) a decrease
in management and property expenses of $19,682 due to decrease in real estate
tax at the Green Valley property and b) an increase in professional fees and
other expenses of $6,676 due to an increase in accounting and legal fees.
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LIQUIDITY AND CAPITAL RESOURCES
The General Partner believes that the Partnership's expected revenue and
working capital is sufficient to meet the Partnership's current and reasonable
future operating requirements for the next 12 months. Nevertheless, because the
cash revenues and expenses of the Partnership will depend on future facts and
circumstances relating to the Partnership's properties, as well as market and
other conditions beyond the control of the Partnership, a possibility exists
that cash flow deficiencies may occur.
During February 1999, the Partnership received notice from Abco, the
principal anchor tenant at the Green Valley Property, that Abco would not be
renewing its lease at the expiration of its term on July 31, 1999. Abco vacated
its space in May, 1999. This space represents about 20% of the Green Valley
Property's leaseable area. The Partnership retained several large regional real
estate brokerage firms to help market the space. A Safeway Supermarket being
built near the Green Valley Property has effectively negated the potential of a
supermarket as a replacement tenant for the former Abco tenant. In March 2003, a
lease was executed with Family Dollar, Inc. for 9,571 of the total square feet
of 38,983, formerly leased by Abco. The Partnership has not identified a
potential tenant for the remaining 29,412 square feet, and the Partnership does
not know what affect, if any, that this continuing vacant space will have on the
Green Valley Property, the other tenants, or the ability of the Partnership to
lease other vacant space at the Green Valley Property. (In conjunction with the
Family Dollar lease the Partnership expects to spend at total of approximately
$300,000 for renovations and replacing the roof of the former Abco building.)
The Partnership will deliver the premises to Family Dollar once the renovations
are completed. Rent payments will commence one year after the delivery of the
premises or acceptance of the premises by Family Dollar and continue through
2012. Currently, approximately $150,000 of the Partnership's working capital is
being held in escrow in connection with the refinancing by the holder of the
first mortgage on the Green Valley Property pending the resolution of the Abco
vacancy. The Partnership is uncertain at this point if this $150,000 working
capital or a portion of it will or will not be released as a result of the
Family Dollar lease.
As described in "Organization and Capitalization" above, the Partnership
used Bond Units to fund real property acquisitions in 1988. The Bond Units were
held by the United States Trust Company of New York, as trustee for the benefit
of the holders. As of September 30, 1997, the Partnership closed three fixed
rate first mortgages and used the proceeds of the mortgage loans and available
cash to redeem all of the outstanding bonds. The United States Trust Company of
New York was responsible for locating the bond holders and redeeming the Bond
Units. As of 2002, United States Trust Company of New York had not been able to
find all of the bond holders before it sold its corporate trust division to the
Bank of New York. In December 2002, The Bank of New York notified the
Partnership of its resignation as transfer agent due to a change in the services
offered to their customers. The money still owed to the bond holders, totalling
about $62,000 was returned to the Partnership. The Partnership is holding the
money in a segregated cash account while making an effort to locate the bond
holders. The liability is included in "accrued expenses and other liabilities"
on the accompanying June 30, 2003 balance sheet.
The Partnership has made distributions to its partners in the past.
Distributions were suspended after the second quarter of 1999 following the
departure of Abco from the Green Valley Property. Additionally, several capital
projects were undertaken and completed at the Properties. The Partnership will
evaluate the amount of future distributions, if any, on a quarter by quarter
basis. No assurances can be given as to the timing or amount of any future
distributions by the Partnership.
Management is not aware of any other significant trends, events,
commitments or uncertainties that will or are likely to materially impact the
Partnership's liquidity.
The cash on hand at June 30, 2003 will be used to fund (a) costs associated
with releasing the Abco space since the costs of releasing exceed the $150,000
already held in escrow by the Lender for this purpose (b) redeeming the final
Bond Units once the holders are located; and (c) other general Partnership
purposes.
Net cash provided by operating activities of $459,536 for the six months
ended June 30, 2003 included (i) a net loss of $1,549, (ii) non-cash adjustments
of $341,147 for depreciation and amortization expense and (iii) a net change in
operating assets and liabilities of $119,938.
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Net cash provided by operating activities of $501,202 for the six months
ended June 30, 2002 included (i) net income of $99,084, (ii) non-cash
adjustments of $325,732 for depreciation and amortization expense and (iii) a
net change in operating assets and liabilities of $76,386.
Net cash used in investing activities of $181,142 for the six months ended
June 30, 2003 was for capital expenditures for property improvements.
Net cash used in investing activities of $108,811 for the six months ended
June 2002 was for capital expenditures for property improvements.
Net cash used in financing activities of $147,000 for the six months ended
June 30, 2003 include (i) principal repayments on mortgage loans payable of
$127,668, and (ii) an increase in restricted cash of $19,332.
Net cash used in financing activities of $118,953 for the six months ended
June 30, 2002 include (i) principal repayments on mortgage loans payable of
$117,733 and (ii) an increase in restricted cash of $1,220.
ITEM 3. CONTROLS AND PROCEDURES.
President and Treasurer Certifications. Attached as exhibits to this
quarterly report are the certifications of the President and Treasurer of the
Partnership's General Partner required by Rules 13a-15 and 15d-15 of the
Securities Exchange Act of 1934 (the "Certifications"). This section of the
quarterly report contains the information concerning the evaluation of
disclosure controls and changes to internal controls over financial reporting
referred to in the Certifications and this information should be read in
conjunction with the Certifications for a more complete understanding of the
topics presented.
Disclosure Controls. Disclosure controls are procedures that are designed
for the purpose of ensuring that information required to be disclosed in the
Partnership's reports filed under the Securities Exchange Act of 1934 (such as
this quarterly report), is recorded, processed, summarized and reported within
the time periods specified in the SEC's rules and forms.
Internal Controls over Financial Reporting. Internal Controls over
financial reporting means a process designed by, or under the supervision of,
the Partnership's principal executive and principal financial officers, or
persons performing similar functions, and effected by the General Partner, the
Partnership's management and other personnel, to provide reasonable assurance
regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with accounting
principles generally accepted in the United States of America ("GAAP"), and
includes those policies and procedures that:
-pertain to the maintenance of records that in reasonable detail accurately
and fairly reflect the transactions and dispositions of the assets of the
Partnership;
-provide reasonable assurance that transactions are recorded as necessary
to permit preparation of financial statements in accordance with GAAP, and that
receipts and expenditures of the Partnership are being made only in accordance
with authorizations of management of the Partnership; and
-provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of the Partnership's assets that
could have a material effect on the Partnershp's consolidated financial
statements.
Limitations on the Effectiveness of Controls. The Partnership's management,
including the President and Treasurer of the General Partner, does not expect
that the Partnership's disclosure controls or internal controls will prevent all
error and all fraud. A control system, no matter how well conceived and
operated, can provide only reasonable, not absolute, assurance that the
objectives of the control system are met. Because of the limitations in all
control systems, no evaluation of controls can provide absolute assurance that
all control issues and instances of fraud, if any, within the Partnership have
been detected. Further, the design of any control system is based in part upon
certain assumptions about the likelihood of future events, and there can be no
-11-
assurance that any design will succeed in achieving its stated goals under all
potential future conditions. Because of these inherent limitations in a
cost-effective control system, misstatements due to error or fraud may occur and
not be detected.
Changes to Internal Controls over Financial Reporting. In accordance with
the SEC's requirements, the President and the Treasurer of the General Partner
note that, during the fiscal quarter ended June 30, 2003 there have been no
significant changes in internal controls over financial reporting or in other
factors that have affected or are reasonably likely to materially affect
internal controls over financial reporting, including any corrective actions
with regard to significant deficiencies and material weaknesses.
Conclusions regarding Disclosure Controls. Based upon the required
evaluation of disclosure controls, the President and Treasurer of the General
Partner have concluded that, as of June 30, 2003, the Partnership's disclosure
controls are effective to provide reasonable assurance that material information
relating to the Partnership is made known to management, including the President
and Treasurer of the General Partner, particularly during the period when the
Partnership's periodic reports are being prepared.
-12-
PART II - OTHER INFORMATION
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ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
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(A) EXHIBIT:
Number Description of Document
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3.1 Amended and Restated Agreement of Limited Partnership of Concord Milestone Plus, L.P.
Incorporated herein by reference to Exhibit A to the Registrant's Prospectus included as Part I
of the Registrant's Post-Effective Amendment No. 3 to the Registrant's Registration Statement
on Form S-11 (the "Registration Statement") which was declared effective on April 3, 1987.
3.2 Amendment No. 1 to Amended and Restated Agreement of Limited Partnership of Concord Milestone
Plus, L.P., included as Exhibit 3.2 to Registrant's Form 10-K for the fiscal year ended
December 31, 1987 ("1987 Form 10-K"), which is incorporated herein by reference.
3.3 Amendment No. 2 to Amended and Restated Agreement of Limited Partnership of Concord Milestone
Plus, L.P. included as Exhibit 3.3 to the 1987 form 10-K, which is incorporated herein by
reference.
3.4 Amendment No. 3 to Amended and Restated Agreement of Limited Partnership of Concord Milestone
Plus, L.P. included as Exhibit 3.4 to the 1987 Form 10-K, which is incorporated herein by
reference.
3.5 Amendment No. 4 to Amended and Restated Agreement of Limited Partnership of Concord Milestone
Plus, L.P. included as Exhibit 3.5 to the 1987 Form 10-K, which is incorporated herein by
reference.
3.6 Amendment No. 5 to Amended and Restated Agreement of Limited Partnership of Concord Milestone
Plus, L.P. included as Exhibit 3.6 to Registrant's Form 10-K for the fiscal year ended December
31, 1988, which is incorporated herein by reference.
31.1 Certification of the principal executive officer pursuant to Rule 13a-14(a) or 15d-14(a).
31.2 Certification of the principal financial officer pursuant to Rule 13a-14(a) or 15d-14(a).
32.1 Certifications by the principal executive officer, pursuant to section 906 of the Sarbanes -
Oxley Act of 2002.
32.2 Certifications by the principal financial officer, pursuant to section 906 of the Sarbanes -
Oxley Act of 2002.
(B) REPORTS:
No reports on form 8-K were filed during the quarter covered by this Report.
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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 thereunto duly authorized.
DATE: 8/11/03 CONCORD MILESTONE PLUS, L.P.
------- ----------------------------
(Registrant)
BY: CM PLUS CORPORATION
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General Partner
By: /s/ Leonard Mandor
------------------------------
Leonard Mandor
President
By: /s/ Patrick Kirse
------------------------------
Patrick Kirse
Treasurer and Controller
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