(1) The proceeds derived from the business license fees of Section 6-1-20(1)-(3) and Section 6-1-20(9)-(10) shall be used first for reasonable costs incurred in connection with the administration of this Article: of the remaining balance, eighty percent (80%) shall be used for marketing and five percent (5%) shall be deposited into the Open Space Fund and fifteen percent (15%) shall be deposited into the Reserve Capital Improvement Fund.

(2) Administrative Fee. For an Accommodations Unit License, a Rental House License and a Room Rental License, but not a Lodging Establishment, there is an additional annual Administrative Fee that is imposed pursuant to Section 6-1-20(7) of two hundred eighty-eight dollars ($288.00) per unit. Such Administrative Fee is imposed for the Town’s enforcement, regulation and compliance with all of the applicable provisions relating to the Town’s regulation of the short term rental industry. The proceeds from the Administrative Fee are not subject to the allocation in Section 6-1-30(1).

(3) Short Term Rental Regulatory Fee Program. For a Classic License, but not for a Residential License, a Limited License or any Lodging Establishment license, there is imposed a Short Term Rental Regulatory Fee as defined in Section 6-1-10. The proceeds from the Short Term Rental Regulatory Fee are not subject to the allocation in Section 6-1-30(1), but are limited as to the separate use provisions of Section 6-1-25(2). (Prior code 5.04.030; Ord. 1288, 2008; 11/2/21 Election, 2021; Ord. 1572 §1(F), 2023; Ord. 1578 §1 (Exh. A), 2023)