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Seaside council shifts short‑term rental TOT allocation, gives council 15% authority over funds
Summary
The Seaside City Council voted 3‑2 May 15 to amend the municipal code governing short‑term rental transient occupancy tax (TOT) allocations, preserving 50% for affordable housing, dedicating 35% to Neighborhood Improvement Commission (NIC) recommendations and giving the council 15% of net TOT to direct projects.
The Seaside City Council on May 15 approved an ordinance changing how transient occupancy tax (TOT) revenue from short‑term rentals is allocated, moving 15% of net TOT to projects directed by the City Council while preserving 50% for affordable housing and dedicating 35% to neighborhood park or neighborhood improvements recommended by the Neighborhood Improvement Commission (NIC). The ordinance passed on a 3‑2 roll call vote.
Assistant City Manager Dan Milas summarized the amendment during the second reading, saying the change would reserve 35% of net TOT for neighborhood park improvements recommended by NIC, 15% for council‑determined projects of the same general type, and leave the existing 50% allocation for affordable housing intact. Milas also said 10% of allocated funds already go to general administration of the short‑term rental program.
Why it matters
Supporters argued the move lets elected officials respond directly to…
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