Each vacation rental licensee shall be required to:
(A) Provide with the application an insurance certificate indicating that the applicant and subject property is covered by liability insurance with limits of not less than one million dollars ($1,000,000.00) 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:
1. Be issued by an insurer authorized to insure in the State of Illinois;
2. Include a provision requiring thirty (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;
(B) Maintain current guest registration records which contain the following information about each guest: the guest's name, address, signature, room assignment and dates of accommodation. The registration records shall be kept on file for three (3) years and, upon request by any authorized Village official, shall be made available for inspection by such Village official during regular business hours or in case of an emergency;
(C) Comply with all applicable Village Building, Fire, Property Maintenance and other code requirements and Village and State regulations, including but not limited to the State Fire Marshal's requirements for one- and two-family dwellings;
(D) Conspicuously display a current Village vacation rental license within the vacation rental with the name and telephone number of the licensee or his or her manager, notice of the required quiet hours, an emergency exit floor plan and location of fire and safety equipment; and
(E) Fulfill all requirements of the Illinois Department of Revenue for operation of a vacation rental, including the payment of any applicable Hotel Taxes. (Ord. 3001, 9-20-2018; amd. Ord. 3004, 11-15-2018)