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Council adopts updated short-term rental fees to reach near full cost recovery
Summary
Following a staff fee study and Budget Committee queries, council adopted revised short-term residential occupancy (STRO) license and application fees intended to make the program approximately 99.9% cost-recoverable for the next two-year budget period.
The City Council adopted revised fees for Short-Term Residential Occupancy (STRO) licenses after a staff presentation and public comment.
SDR program manager Matt Wood presented a fee-study update that recalculated staffing, software, enforcement and non-personnel costs for the program and projected two‑year costs of about $8.9 million. The study estimates the number of licenses by tier and proposed fee adjustments intended to recover program costs without…
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