RE: SHADY LAKE PARK Application for Rent increase for Real Estate Taxes

BE IT RESOLVED, by the local Rent Control Board of the Township of Jackson, County of Ocean and State of New Jersey, as follows:

WHEREAS, SHADY LAKE, has duly filed an application seeking a real estate pass-through rent increase effective June 1, 2024, or in accordance with the lease renewal date, whichever is later, based upon increase in real estate taxes; and

WHEREAS, proper notice of the application was provided by the applicant as required by Ordinance; and

WHEREAS, a public hearing was held on said application on May 23, 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

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

WHEREAS, said Board having considered said application, testimony and exhibits submitted, if any, makes the following findings: