CC 09-15-2020 Item No. 08 Short Term Rental Registration_Staff PresentationCC 09-15-20
#8
Short Term Rental
Registration Fee
Presentation
September 15, 2020Short-Term Rental Registration FeeCC 09-15-2020 Item No. 8
Background●August 18 – Council appropriated $283,889 for enforcement costs for the STR program including:●$34,289 for third-party short-term rental monitoring technology ●$249,600 for approximately 2,080 hours of contract code enforcement
Background●~400 STRs in Cupertino prior to COVID-19●~200 STRs currently●Numbers slowly increasing300 STRs will be used as an estimated basis for this analysis
Full Cost-Recovery Fee●Costs included:●$34,289 for third-party short-term rental monitoring technology ●$249,600 for contract code enforcement●$286 per registration for 1 hour of staff time for review and processing●$1,232 fee per STR
Alternative: Minimal Cost-Recovery Fee●Costs included:●$34,289 for third-party short-term rental monitoring technology ●$286 per registration for 1 hour of staff time for review and processing●$400 fee per STR
Recommended Action●Full cost-recovery is recommended●Adopt the draft resolution (Attachment A) amending the Fiscal Year 2020-21 Fee Schedule to establish a new fee for Short-Term Rental of $1,232
Questions?