This page was read by OCR. Text can misread numbers, dates or table columns. Check the PDF before quoting or interpreting it. Redacted areas remain redacted.
54a
OYSTER POINT-BRIGHTON DEVELOPMENT CORPORATION
MEMORANDUM
DATE: January 14, 2026
TO: Board of Directors,
Oyster Point-Brighton Development Corporation
FROM: Lysandra M. Shaw, President Ws
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 are twenty-four accounts recommended for charge-off action with a total dollar
value of $38,179.57. This represents 7.3% of Oyster Point-Brighton Apartments net
rental revenue. We budget 2% for bad debt at Oyster Point-Brighton.
The average amount per vacated account is $1,590.81. Last year, we charged off
$21,754.01 (twelve accounts).
Adoption of the attached resolution authorizing the charge-off in the total amount of
$38,179.57 for the twelve-month period ending September 30, 2025, is recommended.
LMSLKD
AttachmentsJump to an indexed page (75 of 75)