By SARAH KLEPNER
Red Bank’s Grandville Towers Grandville Towers is getting glass railings, but not a new pool not at the tenants’ expense, at least.
Thursday night, the Rent Leveling Board went line by line over PRC Management’s proposal for $3 million-plus worth of work at the 10-story apartment building, which the applicant sought to have covered by rent surcharges.
After three decades getting a discount, Red Bank tenants could have to pick up full cost-of-living increases starting later this year.
The borough council introduced an ordinance change Wednesday night that would allow landlords to increase rents by the full amount of the Consumer Price Index published by the federal Labor Department.
Since as far back as 1978 or even earlier, local increases have been capped at 60 percent of the CPI rise when a tenant pays for heat, and 80 percent when the landlord does.
The reason for the change, said Mayor Pasquale Menna, is that no one can remember the rationale for the discount, and no paper trail for it exists, leaving it open to a lawsuit.
“If it were challenged, we would not prevail,” said Menna, an attorney who made his political bones as a tenants’ advocate in the early 1980s. “It’s defective.”
By DUSTIN RACIOPPI
The meetings of Red Bank’s Rent Leveling Board tend to fly under the radar, given the often sleepy agendas. But Thursday night’s meeting looks like an exception.
Lined up for the board’s consideration are three tenant complaints, making for a potentially packed evening for the five-member body.