By Terrance Thornton | Digital Free Press
A fee study is afoot at the Town of Paradise Valley, but unlike most fee studies this one focuses on a key issue at Town Hall: the regulation of short-term rental enterprises within municipal bounds.
The fee study, approved unanimously at Town Council’s Sept. 8 meeting at Town Hall, 6401 E. Lincoln Drive, is under review and study for the next 60 days.
What are the fees being considered? Acting Town Attorney Andrew McGuire, prior to the public hearing, outlined in detail:
- Short-term rental enterprises that do not apply for a permit within 30 days of operations must cease operations.
- Failure to register within 30 days = $1,000/month.
- Failure to provide contact information after 30 day notice = $1,000/30 days.
Additional penalties for violations within same 12-month period:
- Greater of up to $500 or one night’s rent at the advertised rate.
- Greater of up to $1,000 or two night’s rent at the advertised rate.
- Greater of up to $3,500 or three night’s rent at the advertised rate.
Found a part of his report to Town Council, Mr. McGuire explains the proposed town regulations and fee study around STR operations is legal, according to the Attorney General’s Office.
