- 14 -
compensation. At the board meetings that occurred during the
years at issue, the board, inter alia, also reviewed reports
submitted by the Crestwood management staff relating to the
following issues: (1) The operations of Crestwood Association,
(2) its financial results, (3) the installation of a fire protec-
tion system at Crestwood,14 (4) the proposal by the town of Snow-
mass Village for terminating its ownership of Crestwood's parking
lots and roads,15 (5) the occurrence of fires on the Crestwood
11(...continued)
budget committee of the board with assistance from the Crestwood
management staff and submitted by that committee to the board for
approval.
12 The facilities committee of the board advised the board of
the quality of housekeeping services, quality of maintenance
services, and structural problems with the Crestwood buildings,
and it proposed that certain improvements be made to the rental
units.
13 During each of the board meetings in September 1989 and 1990,
the board considered the nominations of candidates to serve as
its members.
14 During each of the board meetings in January and April 1989,
the board considered issues relating to the installation of a
fire protection system at Crestwood, reviewed the bids submitted
by various contractors for the installation of such a system, and
selected contractors after giving consideration to the recommen-
dations made by the Crestwood management staff. During each of
the board meetings in September 1989 and January 1990, the
Crestwood management staff apprised the board of issues relating
to the completion of that project.
15 The town of Snowmass Village owned and maintained the parking
lots and roadways of Crestwood. The town sought to terminate
that ownership and to shift the maintenance responsibilities to
Crestwood Association. During the April 1989 board meeting, the
Crestwood management staff advised the board of that matter, and
the board charged the Crestwood management staff with the respon-
sibility of resisting the town's attempt to terminate that owner-
(continued...)
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