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CC - (1) Receipt and Filing of an Update on Transient Occupancy Tax Revenues as Related to Short-Term Rentals; (2) If Desired, Consideration of a Recommendation from Finance Advisory Committee to Refer the Matter to the Planning Commission for Zoning Code Recommendations; and (3) If Desired, Provide the City Manager with Other Direction as Deemed Appropriate.
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Contact Person/Dept: Jeff Muir / Finance
Phone Number: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [X] Attachments: Yes [] No [X]
Commission Action Required: Yes [X] No [] Date: 05/13/15
Commission Name: Finance Advisory Committee
Public Notification: (E-Mail) Meetings and Agendas - City Council (09/10/15); Finance Advisory Committee (09/10/15); Planning Commission (09/10/15)
Department Approval: Jeff Muir, Chief Financial Officer (08/27/15)
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RECOMMENDATION
Staff recommends the City Council: (1) receive and file an update regarding Transient Occupancy Tax (TOT) revenues relating to short-term rentals; (2) if desired, consider a recommendation from the Finance Advisory Committee (FAC) to refer the matter to the Planning Commission for Zoning Code recommendations; and (3) if desired, provide the City Manager with other direction as deemed appropriate.
BACKGROUND/DISCUSSION
Finance Department staff, in consultation with the City Attorney's Office and Community Development Department, reviewed the issue of whether the City can apply its TOT to short-term rentals (residents who rent out their homes through online services such as Airbnb or Vacation Rentals by Owner). This report outlines some of the issues to be considered when determining whether to apply the City's TOT to short-term rentals.
Applicability o...
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