March 2, 2023

STVR Regulations Receive Preliminary Approval

The city council has been discussing new Short Term Vacation Rental (STVR) regulations for several months and the new regulations have finally received preliminary approval! The council will have a second vote next Tuesday (usually the second vote is a formality) before the bill becomes law. Major changes in the new regulations include the following:

• Absentee (non-owner occupied) STVRs will have a density cap of 5% of the given units in a multi-family property.
• Absentee STVRs cannot be located within 1000ft of one another in a single-family zone.
• Ownership information and contact information for each STVR shall be posted on a public website.
• Homestay (owner occupied) STVR permits will have an application fee of $500 and an annual renewal fee of $250.
• Absentee STVR permits will have an application fee of $500 and an annual renewal fee of $750 of which $250 will go directly to the City’s Affordable Housing Fund.
• Each STVR must have an agent available 24/7 and able to appear on premise within 2 hours.
• Violations of STVR regulations will be punishable by a fine of up to $500 per violation per day.
• The moratorium on new STVR permits will stay in place until July 10, 2023 to allow the city enforcement officers to adjust to the new regulations before new permits are issued.
• An STVR Board will be created to hear appeals and moderate disputes. The board shall consist of 5 members appointed by the mayor and 4 members appointed by the city council.
• One year from the passage of the new regulations the city council shall consider lifting the STVR district overlay and allow STVRs in all city districts.
• You can read the full text here.