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ISLE OF PALMS BUSINESS COUNCIL AUGUST 1 ST , 2007. Short Term Rental Workshop. Isle of Palms Planning Commission September 26, 2005. Planning Commission Members. Dick Cronin, Chairman Mack Canterbury, Vice Chairman Joe Clark Bob Hooper Ginny Huseby Michael Loftus.
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ISLE OF PALMS BUSINESS COUNCIL AUGUST 1ST, 2007
Short Term Rental Workshop Isle of Palms Planning Commission September 26, 2005
Planning Commission Members • Dick Cronin, Chairman • Mack Canterbury, Vice Chairman • Joe Clark • Bob Hooper • Ginny Huseby • Michael Loftus
City Council RequestJanuary 25, 2005 • 1. Review the Comprehensive Plan and the zoning ordinance language dealing with residential uses. • 2. Survey and categorize properties in the SR1 and SR2 zoning districts in the following categories: ∙ Vacation rental ∙ Owner occupied homes • 3. Survey and categorize construction trends including demolitions and sizes of new construction for the past fifteen years.
City Council Request(continued) • 4. Determine the economic impact of rental properties including revenues generated and expenses. • 5. Determine the impact rentals have on the quality of life in the affected districts through communication with residents and collection of public safety data. • 6. Prepare report and recommendations for City Council.
Planning Commission’s Strategic Plan • Create subcommittees of the Commission- Economic, Statistical and Database Management • Create database of information available from Assessor's office and rental license information
Planning Commission’s Strategic Plan(continued) • Seek input from outside sources - Rental owners - Citizens impacted by rentals - City departments and staff
Database Creation Source: Charleston County • TMS Parcel # • Property Address • General Use (single family, commercial, etc.) • Legal Description (lot, block, etc.) • Lot Size • Tax District • Owner (name and address) • # of Bedrooms • # of Bathrooms • Square Footage • Sale (date and price) • Appraised & Assessed Value • Taxes Paid • Legal Residence (4% yes or 6% no) • Year Built
Database Creation Source: City of Isle of Palms • Residential Rental Gross Income • Residential Rental License Fee • Rental Agent (name and address)
Dwelling Statistics 1846 Dwellings in SR1 & SR2
Use of Homes by Age(SR1 & SR2) Built Prior to 2001 Built After 2000
Short Term Rental Workshop Thank you for coming and Please share your input