Community members are invited to share their feedback on potential updates to policies governing the community’s short-term rental market at a second listening session from 5 to 6 p.m. Tuesday, July 11 in the Vail Municipal Building prior to the start of the regularly scheduled evening Town Council meeting. An earlier listening session was held on June 20. Property owners, neighbors, renters, homeowner association representatives and others that are benefiting or otherwise impacted by the short-term rental market are encouraged to participate.
An online survey is also available to collect additional public comment. The survey is located on the town’s website at vailgov.com or at http://survey.rrcresearch.com/s3/Short-Term-Rentals and takes only a few minutes to complete.
Currently the town has three requirements for short-term rentals: a business license for any owner renting a unit more than 14 days per year, a posting of a Vail sales tax account number on all advertisements and remittance of sales and lodging taxes. This has resulted in 310 business licenses issued to individuals by the town for short-term rentals and another 620 units represented by property management companies. The individual rentals generated over $600,000 in taxes during 2016. However, an independent study commissioned recently by the town estimates another 1,400 properties doing business without a license. The study, conducted by DestiMetrics, also compiled a comparison inventory of regulations from other destination resorts and found Vail’s regulations to be less restrictive than many others.
The study has prompted Town Council to consider additional requirements for short-term rentals in the categories of life safety, licensing enforcement, community impacts and lodging quality standards.
Following the information-gathering, a summary of the feedback, as well as observations from the town’s boards and commissions, will be reviewed by the Town Council in August to determine next steps. The town has hired the research firm RRC Associates to facilitate the community outreach.
For more information, contact Kathleen Halloran, finance director, at 970-479-2116 or email@example.com. To forward comments in advance of the July 11 session, please email Johannah Richards, sales tax administrator, at firstname.lastname@example.org.