The Economic Matters Committee met on February 4, 2026, at 6:02 PM. The committee discussed a proposed 12-month moratorium on new short-term rental licenses (O-40-25) and received an economic development update. The meeting was adjourned at 7:01 PM.
O-40-25 – 12-Month Moratorium on New Short-Term Rental Licenses
ID-8-26 – Economic Development Update
Can I get a motion to approve the agenda? So moved. Can I get a second? So moved. That is seconded. All right. All those in favor? Aye. Aye. Up next, can I get a motion to approve the minutes from our January 7th meeting? So moved. Second. All in favor. Aye. Aye. All right. Up first, 04025, 12-month moratorium on new short-term rental licenses. O'Neill and Littman. We do not have anyone from the mayor's office or other woman O'Neill here, but we do have Director Kubiek. So, sir, if you could please come up and join us at the table. Welcome, sir. Thank you for joining us. Good evening. Good to see you all. Good evening. All right. So you can please go over the moratorium. I am assuming you have been working with the administration on the intended goal and outcome of this legislation. I'm familiar with the legislation. I've had a chance to review it and the various amendments to it. Okay, but you have not been working with the administration. This is not coming from your office. It's not coming from my office. It's okay. Yep. Okay. So in that case, um one of the main questions that we have is the 49% of the non compliant, roughly 49% of the uh non-registered owner 49% short-term rentals are not registered, uh, according to that report that came out uh approximately at the end of last year. How was that determined? Well, um, you know, I I believe in that um you're referring to the annual report, our first annual report. Um and um you know at the time we didn't have a way of differentiating between uh registered or licensed short-term rentals. What that is is a measure of the percentage of listings on host compliance that were actually licensed by the city. So when we began engaging with the property owners and sending letters out for enforcement, we learned that quite a few are in fact the short short-term rentals, meaning they're they're set up for the two special events each year and not long-term rentals. So our notion of what was compliant or not is narrowed down considerably. Uh and as a result of the letters and the outreach, more people have signed on and become licensed. So there were a number of individuals that were operating beyond the bounds. Um, and we also got a better handle on the fact that a lot of a lot of license or a lot of short-term rentals were simply uh listed. Uh and they're listed, but they're um only being used during those special events each year. Um so we've we've narrowed down and become much more refined and continue to refine the data, and it's not particularly easy, frankly, um, using the sources that we have available to us, but we're getting a better handle on it. So that 49% contained a lot of our special events which don't even require that license. So, like Boat Show uh graduation week for the Naval Academy.