The Vail Town Council has voted 7-0 to approve first reading of an ordinance establishing additional regulations for vacation rental by owner properties. The preliminary approval took place at the Feb. 17 meeting. A public hearing for final approval has been scheduled for the March 3 Town Council meeting.
The Vail Town Code currently sets business license fee requirements for short-term rental and bed and breakfast establishments based upon the location of the management office for the business. Therefore, if an office is located out of town, no fees are currently required.
The new ordinance
would amend the Town Code to require the payment of business license fees for all short-term rental establishments, regardless of the location of the management office. Council also established the same flat fee for lodging services no matter the “zone” location of businesses, however the fees charged per lodging unit remain unchanged. The per lodging unit fees currently vary depending on the zone location of the units being rented. Owners renting two units or less for greater than 14 days will now be required to obtain a $150 annual business license, on par with the business license currently paid by home occupation businesses. Owners renting two units or less were previously exempt from paying a business license fee.
The ordinance also includes a provision that would require including the Town of Vail sales tax account number on all related advertising for rental by owner properties beginning July 1, 2015.
The ordinance was drafted at the direction of the Town Council following earlier discussions facilitated by Council member Dale Bugby that included consideration of additional requirements for rental by owner properties. The requirements were proposed by a group of Vail lodge managers to address various equity issues raised by the group, as well as concerns about front desks, quality control and pricing.
To forward comments to the Town Council in advance of the final public hearing on March 3, email email@example.com