Legal Review Committee Agenda and Packet 2017 05 11

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SUBJECT: DATE: SHORT-TERM RENTALS MAY 11,2017 PAGE 2 OF 3 Denver — Property owners and long-term renters may apply for a short-term rental licenses for their primary residence. The applicant must possess all applicable business taxes licenses, includes Lodger's Tax. The owner is required to leave a brochure for guests that includes contact information and instructions on city services. No guest maximums, however the development of the property must meet the intent of the zoning code and maintain the overall residential character. ADUs may be a short-term rental if the property owner or long-term renter resides in the primary residence. Advertising a non -licensed short-term rental is illegal. Additional information can be found at the following link: https://denvergov.org/content/denvergov/en/denver-business-licensing- center/business-licences/short-term-rentals.html Fort Collins — Draft ordinance includes two types of rentals — Short term non -primary rental (not a primary residence) and short term primary rental (owners must reside at least 9 months out of the year). A safety inspection is required. If someone has a license for a short-term rental that would be prohibited if the new ordinance is adopted, it may remain until the property is sold. One off-street parking spot must be provided for every two bedrooms rented There is a fee waiver for units providing certain ADA accessibility features Additional information can be found at the following link: www.fcgov.com/shorttermrentals/ Since the November 10, 2015 study session, the City of Louisville has received very few complaints (with one being an inquiry regarding a neighborhood house and the other still being looked into). Similar to the previous discussion in 2015, staff is seeking feedback regarding the options to address the City's short-term rental policies and regulations. Possible options include: 1) Change/update the City Code to directly address the issue, what is allowed and what is not. If allowed, would require enforcement, business licensing, payment of lodging fee and sales tax, as well as collecting and auditing such taxes imposed on short-term rentals. Should short term rentals be allowed the costs would outweigh the benefits/revenues obtained based on the 2015 estimates of fiscal impact. Also, if the City changed zoning to allow short-term rentals 30 days or less this would require a TABOR vote to tax further as the City would be expanding its tax base. CITY COUNCIL COMMUNICATION