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Short Term Home RentakSwdy- November 30, 2gi.5 a Requires submission of an application to the City, a Public Hearing in front of the Planning Commission (with notice to neighbors,. and approval by the City Council o Theoretically reviewed annually by the City Council, butdifficult to keep tabs on Interim Use o Interim Use Permit (iUP) runs with the property, so can become compli'.cated if sold o Requires submission of an application to the City, a Public Hearing in front of the Planning Commission (with notice to neighbors), and approval by the City Council c Requires the establishment of a sunset date (cannot run in perpetuity) + Permitted Use outright (licensing not required) a Could be processed: thro..ugh a. zoning.application .(similar.to:a fence permit) a Potentially could become difficult to enforce any additional standards (ofF street.parking requirements, etc.) • Permiitted Use:but subject to licensing ❑ Approved administratively through the City (easier,. quicker, and. less costly for the applicant) .❑ Could establish an STHR licensing program that includes an annual fee and inspection schedule if desired a Could build in a complaint clause (e.g. three strikes -policy) Where could the STHR use(s) be allowed? + Within all zoning districts ■ Only within residential zoning.districts. • only within specific residential zoning districts, e.g. downtown neighborhoods Horny could the City a:d.dress taxation?. • Different types of taxation could be considered: o Income tax: if an. owner rents out.a property for more than 14 cumulative days in.the.year, the earnings made from.that rental must be. reported on annual income taxes o Property tax: based .on the vaIue..of the:property and use of the property, determined by the County Assessor. The S1"HR use will not impact the use or value of the property according to the County Assessor, so no change would be necessary