Vail Town Council asking for public input on short-term rentals
June 14, 2017
VAIL — The town of Vail is inviting public comment on potential updates to policies governing the community's short-term rental market. Two discussions have been scheduled to collect feedback from the community.
The meetings will take place from 5 to 6 p.m. June 20 and July 11 in the Vail Municipal Building prior to the start of the regularly scheduled evening town council session. Property owners, neighbors, renters, homeowner association representatives and others who benefit or are otherwise impacted by the short-term rental market are encouraged to participate. An online survey also will be available to collect feedback in the coming weeks. Look for details at http://www.vailgov.com.
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, posting 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 the council to consider additional requirements for short-term rentals in the categories of life safety, licensing enforcement, community impacts and lodging quality standards.
The two workshops will include a presentation on what other communities are doing, as well as a discussion regarding potential new regulations that may be considered by the council. Following the workshops, a summary of the meetings, as well as feedback from the town's boards and commissions, will be reviewed by the council in August to determine next steps.
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For more information, contact Vail Finance Director Kathleen Halloran, 970-479-2116 or email@example.com. To forward comments in advance of the meetings, email sales tax administrator Johannah Richards, firstname.lastname@example.org.