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Rental Registration Fee Consideration
The document discusses a rental registration program fee consideration for the city. It provides data on the number of active rental properties from 2015-2021, showing an increase from 5,340 properties in 2015 to 8,930 currently. Failure to register rates have decreased from 9 cases in 2016 to 2 cases in 2020. The number of rentals converting to owner-occupied homes or changing ownership is also presented. The city is considering increasing the one-time rental registration fee from $35 to $60 to move towards fully supporting the program. Noncompliance would result in civil penalties ranging from $25 to $100 depending on the number of days late.
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Rental Registration Fee Consideration
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- 3. Additional Information: Number of Active Properties (as December): • 2015 – 5,3402019 – 8,735 • 2016 – 8,274 2020 – 8,873 • 2017 – 8,344 2021 – 8,930 (as of 4/20/2021) • 2018 – 8,196 Failure to Register • 2016 – 9 2019 ‐ 21 • 2017 – 8 2020 ‐ 2 • 2018 ‐ 19
- 4. Additional Information: Net New Rentals Annually Revert from Rental to Owner Occupied • 2016 –1,914 2019 ‐ 134 • 2017 – 1,071* 2020 ‐ 158 • 2018 – 1,235 • 2019 – 1,135 • 2020 ‐ 747 Rental Property Ownership Change • 2018 – 359 • 2019 – 898 • 2020 ‐ 402 • 2021 – 155 (as of 4/20/2021)
- 5. Considerations Increase fee to move towards full fee support • $60.00 one‐time with approval of Updated Fee Resolution to take effect 10/1/2021(60.4% Full Fee Support) • Annual Fee Analysis with Budget preparation Non‐compliance would be a Civil Penalty • 30 days to register • “By Civil penalty of not less than $25 and not more than $500” 31 – 45 Days ‐ $25 61 – 75 Days ‐ $75 46 – 60 Days ‐ $50 76 or More Days ‐ $100
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