The Vail Town Council will review a series of recommended changes to the town’s short-term rental regulations at its evening meeting on Tuesday, March 15. The discussion item is listed as 6.2 on the meeting agenda which begins at 6 p.m. in the Vail Town Council Chambers. Opportunities for public comment are available in advance of the meeting by emailing publicinput.vailtowncouncil@vailgov.com or will be available in-person at the meeting or virtually by registering at vailgov.com/town-council. The meeting will be live streamed by High Five Access Media.
The town’s short-term rental regulations were adopted in 2017 and became effective March 1, 2018, and currently require an annual registration fee of $150 for owners wishing to rent their property for 30 days or less using Airbnb, VRBO or other listings. The regulations also address properties using onsite or offsite professional property managers.
Recommended modifications to Vail’s short-term rental regulations have been developed based on conclusions from a comprehensive study on short-term rental activity in Vail. The study, conducted by Economic & Planning Systems, was presented to Town Council during two meetings earlier this year. It analyzed current regulations, real estate market impacts, peer community approaches to regulation and the composition of registered STR properties throughout town.
Proposed updates to the town’s existing STR regulations to be reviewed Tuesday include:
- Increased fines for violations
- Implementation of tiered registration fees - lower fees for owner-occupied, primary residences which are rented for 30 days or fewer per year as well as fractional units managed by the owner and rented for 30 days or fewer per year; higher fees for unlimited number of rented days in fractional units managed by a front desk and properties used as a non-primary residence
- Enactment of per-bedroom mitigation fees to be applied toward deed-restricted housing
- Limiting or capping STR registrations in outlying neighborhoods
- Revising health and life safety standards to include proof of inspection every three years and adequate insurance
During Tuesday’s meeting, Town Council will review the recommendations and listen to public comment to help shape a future ordinance that will modify the existing STR regulations.
Review the staff memo outlining the recommendations here, or for questions, contact Finance Director Kathleen Halloran at 970-479-2116 or khalloran@vailgov.com.
