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doc14381 15762.pdf
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Page 1
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"text": "RESOLUTION OF MEMORIALIZATION OF THE JACKSON TOWNSHIP RENT LEVELING BOARD",
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"text": "RESOLUTION NO.: 2024-12",
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"text": "RE: FOUNTAINHEAD PROPERTIES, INC.\nApplication for tax pass through rent increase"
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"text": "BE IT RESOLVED, by the local Rent Control Board of the Township of Jackson, County of Ocean and State of New Jersey, as follows:"
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"text": "WHEREAS, FOUNTAINHEAD PROPERTIES, INC., has duly filed an application seeking a real estate pass-through rent increase effective April 1, 2024 based upon increase in real estate taxes; and"
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"text": "WHEREAS, proper notice of the application was provided by the applicant as required by Ordinance; and"
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"text": "WHEREAS, a public hearing was held on said application on March 28, 2024, in the Municipal Building of the Township of Jackson at which time the applicant provided evidence as to the accuracy and appropriateness of the rent increase as referenced in the application; and"
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"text": "WHEREAS, the Board accountant, Carmen J. Memoli, of the firm of Memoli & Company, PC, has reviewed the application and finds the same to be accurate; and"
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"text": "WHEREAS, said Board having considered said application, testimony and exhibits submitted, if any, makes the following findings:"
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"text": "The annual per unit increase is $16.50 for a monthly increase of $1.37 per unit.",
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"text": "The number of units was accurately stated at 162.",
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"text": "The total license fee of $600.00 was paid and the appropriate license fee allocation for each site is as set forth in the application at $0.31 per month for each site.",
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Page 2
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"text": "NOW, THEREFORE, BE IT RESOLVED, by the said Board that on this 25 day of may____, 2024, based upon the findings herein above stated, the application is hereby granted subject to the following conditions, together with all stipulations of the applicant:"
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"text": "The application of the applicant for an increase in rent based on real estate tax pass-through is hereby approved.",
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"text": "The annual per unit increase is $16.50, for a monthly increase of $1.37 per unit.",
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"text": "The total rent for each unit effective April 1, 2024, shall be as set forth on Schedule A attached hereto and made a part hereof.",
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"text": "Joseph Fulliom\nJOSEPH SULLIVAN, CHAIRMAN\nJACKSON TOWNSHIP RENT CONTROL BOARD"
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"text": "MOVED BY: Di Capua"
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"text": "SECONDED BY Tremer"
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"text": "ROLL CALL",
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"text": "Those In Favor: J. Sullivan, D. Di Capua, E. Cial Kouski, F. Sullivan"
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"text": "A. Ticener, W. Boyce."
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"text": "Those Opposed: None"
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"text": "Those Absent: 100 to 310"
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"text": "Those Not Voting:",
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Page 3
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"text": "The foregoing is a true copy of a memorializing resolution by said Board at its meeting of March 28, 2024, as copied from the minutes of said meeting."
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"text": "Dated: May 23, 2024"
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"text": "Louis Rogers\nLOIS ROGERS, Secretary"
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"text": "Jackson Township Rent Control Board"
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Page 4
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"text": "222 Oak Avenue, Suite 5\nToms River, NJ 08753\n732.240.3366 | fax 732.240.5305\nmemolicpa.com"
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"text": "March 28, 2024"
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"text": "To: Jackson Township Rent Leveling Board Members"
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"text": "RE: Application- Fountainhead Properties, Inc, Real Estate Tax Surcharge Increase-2024"
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"text": "Dear Board Members:",
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"text": "Enclosed please find the proposed Real Estate Tax Surcharge Increase for Fountainhead Properties, Inc, for the above referenced application."
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"text": "The Real Estate Taxes for the entire complex increased a total of $2,674.36 from 2022 to 2023. There is a total of 162 lots in the complex. Therefore, the annual per unit increase is $16.50, which equates to a monthly increase of $1.37 per unit. This increase will be effective for April 1, 2024."
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"text": "In reviewing this application, we found a complete application without any issues or discrepancies."
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"text": "Sincerely,"
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"text": "Carmen J. Memoli, CPA"
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