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HomeMy WebLinkAbout70-R-25 Vacation Rental Moratorim9/08/2025 70-R-25 A RESOLUTION Authorizing A Moratorium on Issuance of New Vacation Rental Licenses for 90 Days WHEREAS, the conversion of traditional rental units to non-owner occupied short-term, or vacation, rentals decreases the availability of rental units and affordable housing for permanent residents of the City of Evanston; and WHEREAS, the reduction in supply of long-term rental housing may also cause an increase in real estate prices, as short-term rental investors bid up prices to acquire properties for short-term rentals; and WHEREAS, a moratorium on the issuance of new vacation rental licenses will allow the City of Evanston (“City”) to assess the impact of investor-owned short-term rentals on the housing market, adjoining and nearby properties, and the general public health, welfare, and safety, and will allow the City to modify and improve the Vacation Rentals code to regulate both owner-occupied and investor-owned properties effectively. NOW BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EVANSTON, COOK COUNTY, ILLINOIS: SECTION 1. The City Council hereby adopts the foregoing recitals as its findings, as if fully set forth herein. SECTION 2. The City Council hereby authorizes a moratorium on the issuance of new vacation rental licenses that have not yet applied for a license beginning with adoption of this Resolution 70-R-25 by City Council for a period of 90 days. 70-R-25 ~2~ SECTION 3. This resolution shall be in full force and effect from and after the date of its passage and approval in the manner provided by law. _______________________________ Daniel Biss, Mayor Attest: ______________________________ Stephanie Mendoza, City Clerk Adopted: __________________, 2025 Approved as to form: ______________________________ Alexandra B. Ruggie, Corporation Counsel