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Item No. 20 TO: Mayor, Mayor Pro Tem & City Council Grayson Path, City Manager FROM: Robert G. Vine, Deputy City Manager SUBJECT: Short Term Rental Program and Ordinance Discussion DATE: February 26, 2024 BACKGROUND: On June 15, 2022, a committee consisting of City Council Members and staff began meeting to discuss Short Term Rentals and the appropriateness of creating an ordinance for city-wide registration and regulations. The driving force behind this project consists of public safety and quality of life for surrounding neighbors. STATUS OF ISSUE: After numerous meetings and research into what other municipalities are doing to address the topic of Short Term Rental properties, staff has modeled a draft ordinance and registration program patterned after that of the City of Frisco, Texas. This particular ordinance focuses on life safety rather than restrictions and enforcement. Tonight's agenda is strictly presentation, introduction of the topic, and obtaining initial feedback from the City Council. Unless the City Council directs otherwise, in an effort to involve our local Short Term Rental owner/operators, staff would like to host a community workshop where this proposed ordinance and registration program is shared with the local Short Term Rental owner/operators, listen to their input and possibly incorporate that input into the final ordinance draft presented to the governing body for consideration. BUDGET: Approval of this ordinance would require Short Term Rental entities to pay appropriate Hotel Occupation Tax if they are not already doing so.