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terms of respondent's offer to settle, investors needed to notify
respondent of their willingness to settle on that basis. Those
investors who so notified respondent were allowed in 1986, 1987,
and 1988 to finalize the related computations under the cash
settlements.
The schedule below sets forth the specific dates on which
respondent mailed notices of Final Partnership Administrative
Adjustments (FPAA's) to the Denver-based partnerships with respect
to 1983, 1984, and 1985 and also the latest dates on which cash
settlement agreements were finalized with partners in each of the
partnerships:3
Date Date of
Year Partnership FPAA Mailed Latest Settlement
1983 Crowne 4/15/87 12/29/87
Derringer-1981 3/30/87 11/17/87
Derringer-1982 3/30/87 12/08/87
Dillon 4/15/87 11/15/88
Drake 4/06/87 12/22/87
Vanguard 3/30/87 9/10/87
Vulcan 3/30/87 9/23/87
3 The schedule reflects information with regard to each of the
Denver-based Elektra Hemisphere tax shelter partnerships except
for those partnerships with respect to whose partners either no
prior cash settlements were entered into or with respect to which
no consistent settlements have been requested by any of the
movants herein (namely, Carlton Oil Technology Partners, Ltd.,
for 1984 and 1985, Crowne Oil Technology Partners for 1984 and
1985, Derringer Oil Technology Partners-1981 for 1984 and 1985,
Dillon Oil Technology Partners for 1985, Vanguard Oil Technology
Partners for 1984 and 1985, and Vulcan Oil Technology Partners
for 1984 and 1985).
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