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HomeMy WebLinkAboutShort Term Rental Committee Agenda - 4.10.24.pdfShort Term Rental Committee Meeting Agenda Location: Town Hall Annex Board Room Date: April 10, 2024 Time: 9:00am-10:00am 1. Approve minutes from April 2, 2024 2. Report out on webinar for STRs in Nantucket (John) 3. Review draft of charge/mission & guiding principles (See reverse) 4. Set goals for completion of work/report to Town Board 5. Confirm committee timeline and dates of future meetings a. Tuesday, April 30th @ 9:00am-10:30am b. Tuesday, May 28th @ 9:00am-10:30am c. Tuesday, June 25th @ 9:00am-10:30am d. July TBD - The current goal is to report to the Town Board in July, but additional meetings may be needed to finalize the report. 6. Other business Draft Charge of the Short-Term Rental Ad Hoc Committee In the current Town Code, Short-Term Rentals (STRs) are not listed as an approved use. The committee's task will be to address the negative effects caused by the increasing number of STRs on the available housing supply, which could otherwise be utilized for year-round rentals, resident homeownership, and workforce housing. This shortage has adversely impacted various aspects of life in the Town of Southold. Moreover, the clustering of STRs in certain neighborhoods has led to a decline in the quality of life for current residents. Conversely, there are potential benefits of STRs if they are effectively regulated. These benefits include supporting homeowners who utilize STRs in their primary residences to generate additional income and bolstering the local tourism industry. The committee will collect data and case studies from other areas facing similar challenges and will present recommendations to the Town Board aimed at mitigating the adverse effects of STRs. These recommendations will encompass proposals for policies, procedures, amendments to existing codes, and their enforcement. Proposed amendments may cover definitions, identifying permissible zoning districts, as well as specifying limits on the number and locations of STRs if the Town Board chooses to pursue regulation. The committee will convene regularly, with the schedule to be determined, to complete their work and submit a report to the Town Board by July 2024.