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Home My WebLink About2B PresentationVacation Rentals Item 2b –Public Hearing February 9, 2023 VACATION RENTAL JUNIOR PERMIT FEE OFFICE OF SPECIAL PROGRAMS 2B - 1 Vacation Rentals –Item 2b – 2/9/2023 Background •November 28, 2022 City Council adopted Ordinance 2075 amending Palm Springs Municipal Code 5.25 •Ordinance 2075 created the Junior Vacation Rental Registration Certificate. •Junior Vacation Registration Certificates are not subject to neighborhood cap restrictions and are limited to six (6) contracts per calendar year. OFFICE OF SPECIAL PROGRAMS 2B - 2 Vacation Rentals –Item 2b – 2/9/2023 •There are presently 2,613 Registered Vacation Rentals •The fee for a Vacation Rental Permit is $1,009 •The proposed fee was calculated using a projected number of 1,306 Junior Permits OFFICE OF SPECIAL PROGRAMS 2B - 3 Vacation Rentals –Item 3b – 2/9/2023 Analysis •Permit fees reflect the estimated reasonable cost of meeting the anticipated workload to effectively administer the Vacation Rental Junior Permit •Staff utilized the figures from a 2020 Cost of Service Study conducted by Capital Accounting Partners to calculate the Junior Permit Fee OFFICE OF SPECIAL PROGRAMS 2B - 4 OFFICE OF SPECIAL PROGRAMS Fee Calculation Approach (Labor dollars/Estimated Permits) OFFICE OF SPECIAL PROGRAMS Position Hours Rate Total 2080 Admin Director 1040 $ 126.20 $ 131,248.00 0.5 0.25 520 $ 65,624.00 Program Administrator 1976 $ 93.14 $ 184,044.64 0.95 0.475 988 $ 92,022.32 Senior Account Tech 1976 $ 81.82 $ 161,676.32 0.95 0.475 988 $ 80,838.16 Account Clerk II 2080 $ 71.17 $ 148,033.60 1 1 2080 $ 148,033.60 Account Clerk II 416 $ 71.17 $ 29,606.72 0.2 0.1 208 $ 14,803.36 Admin Secretary 416 $ 74.01 $ 30,788.16 0.2 0.1 208 $ 15,394.08 $ 685,397.44 $ 416,715.52 Annual Work Hours Estimated % time with Vacation Rental Estimated % Time with Junior Permit (half) Estimated Time with Junior Permit (half) Labor Dollars 2B - 5 OFFICE OF SPECIAL PROGRAMS Position Hours Rate Total 2080 Admin Director 1040 $ 126.20 $ 131,248.00 0.5 0.25 520 $ 65,624.00 Program Administrator 1976 $ 93.14 $ 184,044.64 0.95 0.475 988 $ 92,022.32 Senior Acct tech 1976 $ 81.82 $ 161,676.32 0.95 0.475 988 $ 80,838.16 Acct Clerk II 2080 $ 71.17 $ 148,033.60 1 1 2080 $ 148,033.60 Acct Clerk II 416 $ 71.17 $ 29,606.72 0.2 0.1 208 $ 14,803.36 Admin Secretary 416 $ 74.01 $ 30,788.16 0.2 0.1 208 $ 15,394.08 $ 685,397.44 $ 416,715.52 Support Code 8320 $ 59.32 $ 493,539.62 4 2 4160 $ 246,769.81 Code Supervisor 1664 $ 88.14 $ 146,664.96 0.8 0.4 832 $ 73,332.48 Code Secretary 104 $ 51.53 $ 5,359.52 0.05 0.025 52 $ 2,679.76 Police 208 $ 59.39 $ 12,352.62 0.1 0.05 104 $ 6,176.31 $ 657,916.73 $ 328,958.36 Finance Accountant (monthly reports)132 $ 66.00 Accounting Supervisor (Supervisor 48%)73,500 $ 36,750.00 Account Specialist (100%)113,300 $ 56,650.00 186,932 $ 93,466.00 Total Labor Dollars $ 1,530,245.89 $ 839,139.88 Permits Fee Study 1922 $ 796.17 961 $ 873.19 Permits 1.25.23 2613 $ 585.63 1306 $ 642.53 Total Labor Dollars Fee Based on 1,306 Jr Permits 2B - 6 •Vacation Rentals –Item 2b 02/09/2023 •Staff recommends adoption of the Vacation Rental Junior Permit Fee at $642 •Staff will monitor Junior Permit Processing to determine if adjustments to the fees are warranted at a later time. OFFICE OF SPECIAL PROGRAMS 2B - 7 Vacation Rentals –Item 2b – 2/9/2023 End of Presentation OFFICE OF SPECIAL PROGRAMS 2B - 8