← 15762.pdf

Rebuilt HTML — PaddleOCR-VL (Baidu)

Semantic HTML reconstructed from the OCR item tree (headings, text, lists, tables, form fields). overlay · view JSON

Semantic Positioned (like PDF)
Page 1 Download HTML

RESOLUTION OF MEMORIALIZATION OF THE JACKSON TOWNSHIP RENT LEVELING BOARD

RESOLUTION NO.: 2024-12

RE: FOUNTAINHEAD PROPERTIES, INC. Application for tax pass through rent 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 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

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 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

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:

  1. The annual per unit increase is $16.50 for a monthly increase of $1.37 per unit.
  2. The number of units was accurately stated at 162.
  3. 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.
Page 2 Download HTML

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:

  1. The application of the applicant for an increase in rent based on real estate tax pass-through is hereby approved.
  2. The annual per unit increase is $16.50, for a monthly increase of $1.37 per unit.
  3. 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.

Joseph Fulliom JOSEPH SULLIVAN, CHAIRMAN JACKSON TOWNSHIP RENT CONTROL BOARD

JOSEPH SULLIVAN, CHAIRMAN

JACKSON TOWNSHIP RENT CONTROL BOARD

MOVED BY: Di Capua

SECONDED BY Tremer

ROLL CALL

Those In Favor: J. Sullivan, D. Di Capua, E. Cial Kouski, F. Sullivan

A. Ticener, W. Boyce.

Those Opposed: None

Those Absent: 100 to 310

Those Not Voting:

Page 3 Download HTML

CERTIFICATION

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.

Dated: May 23, 2024

Louis Rogers LOIS ROGERS, Secretary

Jackson Township Rent Control Board

Page 4 Download HTML

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

March 28, 2024

To: Jackson Township Rent Leveling Board Members

RE: Application- Fountainhead Properties, Inc, Real Estate Tax Surcharge Increase-2024

Dear Board Members:

Enclosed please find the proposed Real Estate Tax Surcharge Increase for Fountainhead Properties, Inc, for the above referenced application.

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.

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

Sincerely,

Carmen J. Memoli, CPA