- 3 -
professional corporation also located in California. During
those years, petitioner's legal practice was his primary source
of income.
Crestwood Condominiums
In March 1982 and October 1985, petitioner purchased unit
no. 2303 and unit no. 2301, respectively, at a condominium
development known as Crestwood Condominiums (Crestwood) that is
located in Snowmass Village, Colorado (Snowmass Village). During
the years at issue, Crestwood had 141 condominium units that were
owned by various persons.
During all relevant periods, Crestwood Condominium Associa-
tion, Inc. (Crestwood Association), a membership association
whose members consisted of all the Crestwood condominium owners,
was responsible for the operations at Crestwood. During those
periods, Crestwood Association had a nine-member board of direc-
tors (board) that was elected by the members of that association
and that oversaw, and made policy regarding, its operations.
During all relevant periods, Crestwood Association ran two
separate and distinct operations: (1) Those operations affecting
all Crestwood condominium owners that involved providing services
to, and fulfilling the obligations of, those owners, including
maintaining and repairing Crestwood's common areas and building
structures and obtaining, as required, casualty, public liability
and property damage, workmen's compensation and employer's
liability insurance as well as other types of insurance that
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011