Attachment 10: Budgetary Comparison
1 Estimation based on a conservative assumption of 250 listings at $244 per night with an occupancy rate of 21% (77 days). 2 Estimation based on a conservative assumption of 250 STR business licenses.
Alternatives Potential Expenses Potential Revenue Sources
1. Permit and Regulate
STRs
• BL processing (TBD)
• Monitoring/Enforcement
System (TBD)
• Staff Support (TBD)
• TOT (10%) Collection est.1 = $470,000 annually
• BL (Complex) Fees2: (TBD, but approx.)
o License: $480
o Application/Permit: $338
o BL Annual Renewal Fee: $100-200
• Increased Penalty Fees (TBD):
o 1st: $1,500
o 2nd: $3,000
o 3rd & on: $5,000
2a. Prohibit and Monitor
STRs
• Monitoring/Enforcement
System (TBD)
• Staff Support (TBD)
Increased Penalty Fees (TBD):
o 1st: $1,500
o 2nd: $3,000
o 3rd & on: $5,000
2b. Prohibit STRs w/out
Monitoring
Potential increase to
operational expenses to
process violations, but
enforcement to remain the
same.
Increased Penalty Fees (TBD):
o 1st: $1,500
o 2nd: $3,000
o 3rd & on: $5,000
3. Status Quo Existing enforcement
procedures
Existing Penalty Fees:
o 1st: $100
o 2nd: $200
o 3rd & on: $500
ATTACHMENT 10 - 1