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:
The annual per unit increase is $16.50 for a monthly increase of $1.37 per unit.
The number of units was accurately stated at 162.
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.