Regular Village Board meetings are typically held at 7:00 p.m., the first three Tuesdays of each month in Council Chambers of Village Hall (room 201), 123 Madison St. When a Regular Meeting falls on a holiday, the meeting typically is held the following night. The Village Board also meets in special sessions from time to time. However, dates and times of Special Meetings can vary and may change.

File #: RES 16-305    Name:
Type: Resolution Status: Passed
In control: President and Board of Trustees
On agenda: 9/19/2016 Final action: 9/19/2016
Title: A Resolution Approving a Voluntary Collection Agreement with Village of Oak Park Transient Occupancy Tax with Airbnb, Inc. and Authorizing its Execution
Attachments: 1. Resolution Airbnb, 2. Voluntary Collection Agreement
Submitted By
Tammie Grossman, Director Development Customer Services

Reviewed By
LKS

Agenda Item Title
Title
A Resolution Approving a Voluntary Collection Agreement with Village of Oak Park Transient Occupancy Tax with Airbnb, Inc. and Authorizing its Execution

End
Overview
Overview
With the rise of private residential Transient Occupancy Rental Units, within the Village of Oak Park, significant competition with commercial Hotel/Motel establishments has developed. Recognizing that Transient Occupancy Rental Units function in the same capacity as traditional Hotel/Motel Units Amendments to Chapter 23A "Taxes" Article 4 "Hotel/Motel Tax" were approved which will assess a user tax of 4% on Transient Occupancy Rental Units.

Airbnb, as the host platform for third parties offering accomodations, has agreed to collect these taxes on behalf of The Village of Oak Park and remit directly to the Village all taxes collected.

Body
Staff Recommendation
Approve

Fiscal Impact
For every 100 Transient Occupancy Rental Units identified, staff estimates that the Village could realize a $40,000 increase in Hotel/Motel taxes annually. By ordinance these funds are to only be used for "the purpose of promoting tourism, meetings, conventions or other events within the Village or otherwise attracting nonresidents to visit the Village".

Background
Oak Park's proximity to the City of Chicago and our many cultural attractions make Oak Park a natural location for the establishment of Transient Occupancy Rental Units. In addition to cultural attractions and our natural geography Oak Park's housing stock consisting of single and multi-family units contributes to this new reality. Staff estimates that over 100 Transient Occupancy Rental Units are currently offered in Oak Park. These "Units" consist of single rooms being offed in a residential home that is owner occupied, to non owner occupied apartments and homes.

Staff has worked closely with Airbnb to coordinate efforts t...

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