Attached files
file | filename |
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8-K - 8-K - REAL ESTATE ASSOCIATES LTD/CA | realbetheltowers_8k.htm |
Exhibit 10.1
FIRST AMENDMENT TO AGREEMENT AND CERTIFICATE OF
OF
BETHEL TOWERS LIMITED DIVIDEND HOUSING ASSOCIATION
This First Amendment to Agreement and Certificate of Limited Partnership (the Amendment), effective as of December 10, 2012 (the Effective Date), is entered into by Real Estate Associates Limited, a California limited partnership ("REAL"), and Bethel Towers Corporation, a Michigan corporation (the Corporation and together with REAL, each a Party and any two or more, as the context requires, collectively, the Parties), with reference to the following facts:
A. Bethel Towers Limited Dividend Housing Association is a limited partnership formed under the laws of the State of Michigan pursuant to an Agreement and Certificate of Limited Partnership, dated January 15, 1979 (the Partnership Agreement), and filed with the Michigan Department of Licensing and Regulatory Affairs Corporation Division, or its predecessor, on February 5, 1979 (the Partnership), and is being operated pursuant to the Partnership Agreement.
B. Maurice J. Higginbothan, an individual and the original Operating General Partner of the Partnership, died on or about April 19, 1993, and pursuant to Section 7.3.3 of the Partnership Agreement, the Limited Partner designated itself as the successor Operating General Partner.
C. The Parties desire to enter into this Amendment to provide for, among other things (i) the formal recognition of REAL, in addition to being the Limited Partner of the Partnership, as the successor Operating General Partner and (ii) other amendments to the Partnership Agreement, as set forth herein.
NOW, THEREFORE, in consideration of the covenants and agreements hereinafter set forth, and for such other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree that the Partnership Agreement is hereby amended as follows:
4. This Amendment may be signed in any number of counterparts, each of which shall be an original for all purposes, but all of which taken together shall constitute only one agreement.
Except as set forth above, all of the terms and provisions of the Partnership Agreement remain unmodified and in full force and effect.
[Signatures on following page(s)]
IN WITNESS WHEREOF, this Amendment has been duly executed as of the Effective Date.
OPERATING GENERAL PARTNER: REAL ESTATE ASSOCIATES LIMITED,
a California limited partnership
By National Partnership Investments, LLC,
a California limited liability company,
its general partner
By Bethesda Holdings I, LLC,
a Delaware limited liability company,
its member
By AIMCO/Bethesda Holdings, Inc.,
a Delaware corporation,
its member
By /s/John Bezzant
Name: John Bezzant
Title: Executive Vice President
CORPORATION: BETHEL TOWERS CORPORATION,
a Michigan corporation
By /s/John Bezzant
Name: John Bezzant
Title: Executive Vice President
LIMITED PARTNER: REAL ESTATE ASSOCIATES LIMITED,
a California limited partnership
By National Partnership Investments, LLC,
a California limited liability company,
its general partner
By Bethesda Holdings I, LLC,
a Delaware limited liability company,
its member
By AIMCO/Bethesda Holdings, Inc.,
a Delaware corporation,
its member
By /s/John Bezzant
Name: John Bezzant
Title: Executive Vice President