SecProbe.io

CORRESP
1
filename1.htm

YAGER/KUESTER PUBLIC FUND LIMITED PARTNERSHIP

April 27, 2005

Mr. Daniel Gordon

Branch Chief

Division of Corporation Finance

United States Securities and Exchange Commission

450 Fifth Street, N.W.

Washington, D.C. 20549-0409

    Re:

    Yager/Kuester Public Fund Limited Partnership (the “Company”)

    Form 10-KSB filed March 30, 2005

Dear Mr. Gordon,

     In regards to your April 12, 2005 letter, the Company is filing the following response to your
inquiry of the Company’s assets in regards to SFAS 144 paragraphs 30 and 31:

     The
following is a discussion of how the company has met each provision
of this paragraph 30
and of the applicable provisions of paragraph 31:

    a)
    The General Partners, in their authority, have authorized the sale of the
asset.

    b)
    The asset was listed with a commercial real estate broker on July 1, 1996,
and most recently on February 2, 2004, and is available for immediate sale as the
Company has the intent and ability to transfer the asset to a buyer in its present
condition.

    c)
    As noted above in b., the General Partners have secured a commercial real
estate broker to actively market the asset.

    d)
    The asset is being actively marketed at a reasonable sales price and transfer
of the asset is probable within one year if an offer at a reasonable sales price is
received.

    e)
    The asset is listed at a sales price that is reasonable in relation to the
current fair market value that has been determined by a third party appraiser. The
last appraisal done on the property, dated July 19, 2004, indicated the market value
of the property was $2.7 million. At December 31, 2004, the property was listed for
$2,750,000.

    f)
    As of December 31, 2004, the General Partners remain committed to the plan to
sell the asset as this is the desire of the limited partners.

     In regards to paragraph 31 (c), the General Partners reduced the price of the property from
$3.8 million in 1996, to $2.75 million as a result of more recent appraisals on the property.

     In summary, the Company has met all requirements for the year ended December 31, 2004 for the
asset to be classified as property held for sale. We will continue on an on-going basis to
determine the classification to ensure that we meet the requirements of this provision.

     If you need any further explanation, please feel to contact either Debbie Parker or myself at
803-547-9100.

Sincerely,

/s/ Thomas K. Emery

Thomas K. Emery

Principal Financial Officer of Registrant