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3a
2713 DEVELOPMENT CORPORATION
MEMORANDUM
DATE: January 13, 2026
TO: Board of Directors,
2713 Development Corporation
FRON: Lysandra M. Shaw, President (6S
SUBJECT: Tenants’ Accounts Receivable Charge-off, Twelve Months,
Ending September 30, 2025
The attached list of proposed charge-offs of Tenants’ Accounts Receivable is presented
for your review and approval.
There is one account recommended for charge-off action with a total dollar value of
$3,021.45. This represents 4.2% of Lofts Apartments net rental revenue. We budget
2% for bad debt at Lofts Apartments.
Last year, we charged off $120.09 (one account).
Adoption of the attached resolution authorizing the charge-off in the total amount of
$3,021.45 for the twelve-month period ending September 30, 2025, is recommended.
LMS/LKD
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