Vacation Rental Update and Recommendations

Direct staff to bring forward regulations for consideration in the fall encompassing the recommendations of staff and the Sub-Committee on Housing Accessibility and Affordability to:  Institute a citywide cap on STVR Licenses at 4% of total housing parcels with developed housing units.  Restrict New Applications (not renewal of existing licenses) for an STVR License from being within 500 ft, measured front door to front door from existing STVR's in the City.  Realign regulations on STVR's for Noise, Trash Cans and Parking to the same regulations used for Residential Properties in the City.  Modify the Occupancy Regulations for STVR's to those presented in this staff report.  Require Vacation Rental Platforms to: Remit TOT directly to the City. Remove Vacation Rental advertisements from their platforms for illegal or non-compliant operators when requested to do so by the City.  Transition from contracted after-hours enforcement to in-house staffing.