UNITED
STATES
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: October 26,
2009
(Date of
earliest event reported)
Uniprop Manufactured
Housing Communities Income Fund
(Exact
name of registrant as specified in its charter)
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Michigan
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38-25930667
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(State
or other jurisdiction
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(Commission
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(IRS
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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280 Daines Street, Suite 300, Birmingham,
MI 48009
(Address
of principal executive offices) (Zip Code)
248-645-9220
Registrant’s
telephone number, including area code
(Former name or former address, if changed since last report.)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting material
pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
8.01 Other Events
Uniprop
Manufactured Housing Communities Income Fund (the “Fund”) has closed on the sale
of its Aztec Estates property. The sale price was sufficient to
retire the Fund’s first mortgage debt as well as to repay obligations to both
National City Bank (now PNC Bank) and the National City loan
guarantor. As a result of paying off the first mortgage debt, the
former Forbearance Agreement automatically terminates as there is no longer a
default. The Fund retains ownership of Old Dutch Farms with no debt
obligation.
The Old
Dutch Farms property is also under contract for sale. The buyer is
currently in its due diligence period so it remains uncertain if this
transaction will close. Should the sale close, the Fund intends to
wind-up its affairs and terminate.
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.
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UNIPROP
MANUFACTURED HOUSING COMMUNITIES INCOME
FUND
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(Registrant)
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Dated:
October 26, 2009
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By:
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P.I.
Associates Limited Partnership,
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| General Partner | |
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By:
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/s/ Joel Schwartz |
Joel
Schwartz, Principal Financial Officer