ISLE OF PALMS BUSINESS Chamber AUGUST 1 ST , 2007

Presentation Transcript

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

City Council Request January 25, 2005 1. Audit the Comprehensive Plan and the zoning statute dialect managing private employments. 2. Review and arrange properties in the SR1 and SR2 zoning regions in the accompanying classifications: ∙ Vacation rental ∙ Owner involved homes 3. Study and order development patterns including annihilations and sizes of new development for as long as fifteen years .

City Council Request (proceeded with) 4. Decide the monetary effect of investment properties including incomes created and costs. 5. Decide the effect rentals have on the personal satisfaction in the influenced locale through correspondence with inhabitants and accumulation of open wellbeing information. 6. Get ready report and proposals for City Council.

Planning Commission's Strategic Plan Create subcommittees of the Commission-Economic, Statistical and Database Management Create database of data accessible from Assessor's office and rental permit data

Planning Commission's Strategic Plan (proceeded with) Seek contribution from outside sources -Rental proprietors -Citizens affected by rentals -City divisions and staff

Database Creation Source: Charleston County TMS Parcel # Property Address General Use (single family, business, and so on.) Legal Description (part, piece, and so forth.) Lot Size Tax District Owner (name and address) # of Bedrooms # of Bathrooms Square Footage Sale (date and value) 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

Dwelling Statistics (proceeded)

Dwelling Statistics (proceeded)

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

Use of Homes Built After 2000 (SR1 & SR2)

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

Average Size of Homes (SR1&SR2)

Average Size by Use (SR1 & SR2)

Average Number of Bedrooms (SR1 & SR2)

Average Number of Bedrooms by Use (SR1 & SR2)

Short Term Rental Workshop Thank you for coming and Please share your info

Short Term Rental Workshop

Short Term Rental Workshop

ISLE OF PALMS NEW CONSTRUCTION TRENDS

ISLE OF PALMS NEW CONSTUCTION 03' T0 07'

Isle of Palms Rentals New Construction 2003 to 12/2006

ISLE OF PALMS RENTALS NEW CONSTRUCTION 03 TO 12/06

2007 NEW PERMITS

2007 NEW PERMITS