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RE: FOUNTAINHEAD PROPERTIES, INC. Application for CPI Increase

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, FOUNTAINHEAD MOBILE HOME PARK has duly filed an application seeking a Consumer Price Index (CPI) rent increase of 2.9% effective June 1, 2025, in accordance with the start date of each tenant's lease; 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 22, 2025, in the Municipal Building of the Township of Jackson at which time the applicant provided evidence as to the accuracy and appropriateness of the CPI 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, the rental increase for each of the sites set forth in the application is consistent with that permitted by the Ordinance; and

WHEREAS, the Board has determined that the application for rental increases should not be effective until after the Board has had the opportunity to review and vote on the applications;

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

NOW, THEREFORE, BE IT RESOLVED, by the said Board that on this 26 day of Jane . 2025, based upon the findings herein above stated, the application is hereby granted subject to the following conditions, together with all stipulations of the applicant:

Joseph Sullivan OSEPH SULLIVAN, CHAIRMAN JACKSON TOWNSHIP RENT LEVELING BOARD

OSEPH SULLIVAN, CHAIRMAN

JACKSON TOWNSHIP RENT LEVELING BOARD

MOVED BY: CIAL KOWSKI

SECONDED BY: TREMEA

Those In Favor: J. Sulluvian, C. Jallakouski, F. Sullivan, Taemel, u. Antegi,

ROLL CALL

Those Opposed: None

Those Absent:

Those Not Voting:

The foregoing is a true copy of a memorializing resolution by said Board at its meeting of , May 22 2025, as copied from the minutes of said meeting.

Dated: June 26, 2025

LOIS ROGERS, Secretary Jackson Township Rent Control Board

Jackson Township Rent Control Board

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

May 22, 2025

To: Jackson Township Rent Leveling Board Members

RE: Application-Fountainhead Properties, Inc, CPI Rent Increase-2025

Dear Board Members:

We received a proposed CPI Rent Increase application for Fountainhead Properties, Inc., (the applicant) for 2025. The applicant is entitled to a maximum CPI increase of 2.9%, The increase is effective for June 1, 2025, 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