Exhibit (c)(10)
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RALEIGH CAPITAL ASSOCIATES L.P.
000 Xxxxxxx Xxxxxxxxxx
Xxxxx 000
Xxxxxxx, Xxx Xxxx 00000-0000
January 10, 1997
BY COURIER
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Arvida/JMB Managers, Inc.
as General Partner of
Arvida/JMB Partners, L.P.
000 Xxxxx Xxxxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
Attn: Xxxx X. Xxxxxx, Chairman
Gentlemen:
The undersigned, Raleigh Capital Associates L.P. ("Raleigh"), hereby
requests that it be admitted as a Substituted Limited Partner of Arvida/JMB
Partners, L.P. (the "Partnership") under the provisions of the Amended and
Restated Agreement of Limited Partnership of the Partnership (the "Partnership
Agreement") with respect to (i) 5 Limited Partnership Interests as to which
Raleigh has been recognized as an Assignee Holder under the Partnership
Agreement and (ii) 78,689.3599 Limited Partnership Interests as to which Raleigh
has previously requested that it be recognized as an Assignee Holder under the
Partnership Agreement. Capitalized terms used herein and not otherwise defined
have the meanings ascribed to them in the Partnership Agreement.
Attached hereto is a Signature Page and Power of Attorney required in
connection with this request to be admitted as a Substituted Limited Partner.
Enclosed is a check for $100 as required by Section 7.2D of the Partnership
Agreement.
This request is without prejudice to Raleigh's position that all Assignee
Holders, including Assignee Holders who acquired their interests subsequent to
the Partnership's public offering, have the right to exercise voting and consent
rights under the Partnership Agreement.
Very truly yours,
RALEIGH CAPITAL ASSOCIATES L.P.
By: Raleigh GP Corp.
By: /s/
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Vice President
