222 Oak Avenue, Suite 5 Toms River, NJ 08753 732.240.3366 fax 732.240.5305 memolicpa.com

May 9, 2024

To: Jackson Township Rent Leveling Board Members

RE: Application- Shady Lake Park, Real Estate Tax Surcharge Increase-2024

Dear Board Members:

Enclosed please find the proposed Real Estate Tax Surcharge Increase for Shady Lake Park for the above referenced application.

The Real Estate Taxes for the entire complex increased a total of $452.02 from 2022 to 2023. There is a total of 36 lots in the complex. Therefore, the monthly per unit increase is $1.05 per lot. This increase will be effective for June 1, 2024, or in accordance with the lease renewal date, whichever is later.

In reviewing this application, we found a complete application without any issues or discrepancies.

Sincerely,

Carmen J. Memoli, CPA