(A) No person shall carry on the business of operating a vacation rental without first obtaining a
license therefore from the village in accordance with the licensing procedures provided under this section. Licenses shall be issued by the Village's Finance Department following review and approval of an application by the Community Development Department. Licenses shall be for a period of one year from the date of issuance, unless sooner revoked, and may thereafter be renewed for successive one-year periods. No license shall be transferable to another person or location or to other vacation rental establishments.
(B) The fee for a license under this sections shall be as set forth in § 110.13.
(C) An application for, and, if requested, renewal of, a business license to engage in the business of vacation rental shall be accompanied by the following information:
(1) An insurance certificate or other proof indicating that the applicant and subject property is covered by liability insurance with limits of not less than $1,000,000 per occurrence, for bodily injury and property damage arising in any way from the issuance of the license. Each policy of insurance required under this subsection shall:
(a) Be issued by an insurer authorized to insure in the State of Illinois:
(b) Include a provision requiring 30 days' advance notice to the village prior to cancellation or lapse of the policy. The licensee shall maintain the insurance required under this section in full force and effect for the duration of the license period for each vacation rental location. A single violation of this subsection shall result in suspension or revocation of the license;
(2) A statement as to whether the applicant or any other person with an ownership interest in the property on which the vacation rental is located, including co-owners, partners, members, managers, or officers of any owning partnership, limited liability company or corporation, has ever been convicted in any jurisdiction of any felony:
(3) Proof that the applicant is an owner of the property on which the vacation rental is located, and names, addresses, ownership interest and current contact information for any co-owners, partners, members, managers, and officers;
(4) If the vacation rental property is subject to regulations or restrictions by a homeowners association or condominium association, applicant must provide documentary evidence that the applicable association or board has approved the use of the property as a vacation rental; and
(5) Proof that the applicant has complied with the village's requirements for registration and licensing of landlords pursuant to § 150.100.
(6) For renewals only, a summary of the number of nights the vacation rental was rented and the number of guests who staved at the vacation rental during the previous 12-month period.
(Ord. CO-2019-26, passed 8-20-2019)