1 / 28

ISLE OF PALMS BUSINESS COUNCIL AUGUST 1 ST , 2007

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.

LeeJohn
Download Presentation

ISLE OF PALMS BUSINESS COUNCIL AUGUST 1 ST , 2007

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ISLE OF PALMS BUSINESS COUNCIL AUGUST 1ST, 2007

  2. Short Term Rental Workshop Isle of Palms Planning Commission September 26, 2005

  3. Planning Commission Members • Dick Cronin, Chairman • Mack Canterbury, Vice Chairman • Joe Clark • Bob Hooper • Ginny Huseby • Michael Loftus

  4. 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.

  5. 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.

  6. 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

  7. Planning Commission’s Strategic Plan(continued) • Seek input from outside sources - Rental owners - Citizens impacted by rentals - City departments and staff

  8. 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

  9. Database Creation Source: City of Isle of Palms • Residential Rental Gross Income • Residential Rental License Fee • Rental Agent (name and address)

  10. Dwelling Statistics 1846 Dwellings in SR1 & SR2

  11. Dwelling Statistics(continued)

  12. Dwelling Statistics(continued)

  13. Use of Homes Built Prior to 2001 (SR1 & SR2)

  14. Use of Homes Built After 2000 (SR1 & SR2)

  15. Use of Homes by Age(SR1 & SR2) Built Prior to 2001 Built After 2000

  16. Average Size of Homes (SR1&SR2)

  17. Average Size by Use(SR1 & SR2)

  18. Average Number of Bedrooms(SR1 & SR2)

  19. Average Number of Bedrooms by Use(SR1 & SR2)

  20. Short Term Rental Workshop Thank you for coming and Please share your input

  21. Short Term Rental Workshop

  22. Short Term Rental Workshop

  23. ISLE OF PALMS NEW CONSTRUCTION TRENDS

  24. ISLE OF PALMS NEW CONSTUCTION 03’ T0 07’

  25. Isle of Palms Rentals New Construction 2003 to 12/2006

  26. ISLE OF PALMS RENTALSNEW CONSTRUCTION 03 TO 12/06

  27. 2007 NEW PERMITS

  28. 2007 NEW PERMITS

More Related