AIMCO PROPERTIES, L.P.
IS OFFERING TO PURCHASE UNITS OF LIMITED PARTNERSHIP INTEREST IN
CENTURY PROPERTIES FUND XVII
FOR $438.84 PER UNIT IN CASH
Preliminary approval of the settlement was obtained on November 3, 1999 from the Superior Court of the State
of California, County of San Mateo, at which time the Court set a final approval hearing for December 10, 1999.
Prior to the December 10, 1999 hearing, the Court received various objections to the settlement, including a
challenge to the court's preliminary approval based upon the alleged lack of authority of plaintiff's counsel to enter
into the settlement. At the December 10, 1999 hearing, the Court decided to continue the hearing on the
settlement to January 4, 2000, at which time it would decide (i) whether to vacate its November 3, 1999 order
granting preliminary approval, and/or (ii) to grant final approval of the proposed settlement.
On December 14, 1999 we terminated the proposed settlement. However, we are still offering to purchase units
in your partnership and 44 other partnerships which were part of the proposed settlement. Our offer is made
upon the terms and subject to the conditions set forth in the Litigation Settlement Offer, dated November 15,
1999, as supplemented to date, and in the accompanying letter of transmittal.
We will pay any transfer fees imposed for the transfer of units by your partnership. However, you will be
responsible for any taxes that arise from your sale of units. You will also have to pay any fees or commissions
imposed by your broker, or by any custodian or other trustee of any Individual Retirement Account or benefit
plan which is the owner of record of your units. Although the fees charged for transferring units from an Individual
Retirement Account vary, such fees are typically $25-$50 per transaction. Depending on the number of units that
you tender, any fees charged on a per transaction basis could exceed the aggregate offer price you receive if
some of your units are not accepted by