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HomeMy WebLinkAbout4a. Short-term rental policy discussion update DRAFTCity of Lakeville Memorandum To: Economic Development Commission From: Tina Goodroad, Community Development Director Copy: Kati Bachmayer, Economic Development Manager Justin Miller, City Administrator Date: August 26, 2025 Subject: Short-term rental policy discussion update The City Council recently discussed Lakeville’s short-term rental policy during the July Work Session. This agenda item is to provide an update on that discussion to EDC members. The City of Lakeville allows short-term rentals subject to approval of an administrative permit under the following requirements: Renting of rooms within an owner-occupied dwelling unit to not more than two (2) individuals who are each unrelated to the principal family as an accessory use provided that: 1. The property owner shall not enter into a rental agreement with more than two individuals within a 30-day period. 2. There shall be one off-street parking stall provided for each rental occupant of the property in addition to the parking stalls required by chapter 19 of this title. For the City Council Work Session, staff prepared research from eight cities that have an ordinance for short-term rentals. Requirements vary but the majority have some type of license, allow rental of the whole home and do not require the owner to be present. Additional requirements include limits on how many licenses will be permitted. Based on the feedback provided by the City Council, staff will prepare a draft ordinance update for further discussion during the October Work Session. Action Requested: No specific action is requested. Members are encouraged to ask questions and provide insights into the presented data. City Type Renewal Fee Guests Parking Amount of Home Lodging Tax Additional Burnsville License Annual $62 Not specified Not specified All Monthly report Must be homestead and notify neighbors Chanhassen License Annual $200 Two adults per bedroom, plus an additional two adults. Accompanying children don't count towards the limit. Max four vehicles outside All Not mentioned Good Neighbor Brochure Hopkins CUP $150 No more than 6 adults and their dependent children Not mentioned All Not mentioned Not allowed on lots occupied by ADUs Minnetonka Registration Annual $0 Not specified Not specified All Not mentioned Rosemount License Biannual $50 Two times number of bedrooms rented plus one No on-street parking All Not mentioned If not owner-occupied, owner must reside within 30 miles. Roseville License Annual $559.86 One family or four unrelated adults to occupy a single family rental unit Not specified All Yes A. "Non-owner occupied." B. Can't be more often than "one every seven days (Oct 1-May 1) and one every ten days (May 1- Oct 1). C. Licensed properties must be 500 feet apart. Savage License Annual $25 Two adults per bedroom, plus an additional two adults. Accompanying childrend don't count towards the limit. Two vehicles plus one for each available garage stall Bedrooms only. Property owner must remain on-site during rentals Not mentioned Owner background checks. Only 12 licenses are issued annually in the City (first-come). Shoreview License Annual $150 Not specified Not specified All Not mentioned If owner lives outside 7-county metro, an agent who does is required. Short Term Rental Policies