As of March 2023, Pagosa Springs may not be among the best locations to put money into a trip house, despite the fact that it was listed on the Vacasa web site in 2021, as one of many “high 25 locations” in the US to sink your cash… with a lovely ‘cap charge’ of 4.3%.
A part of the explanation for that engaging cap charge could have been the dearth of County rules. Most Colorado resort cities have put Brief Time period Rental (STR) density caps and costs in place in the course of the previous few years… and the City of Pagosa Springs has executed so, however Archuleta County has not.
And a lot of the STRs in our neighborhood are positioned inside the unincorporated county.
Pagosa Springs fell off Vacasa’s “25 Finest” record in 2022. The entire 2022 “Finest Locations” exhibited a cap charge of at the very least 6.3%. Sorry, Pagosa.
A part of the explanation for the change? An obvious intention, among the many three Archuleta commissioners, maybe… to approve some new STR rules within the close to future?
Whereas contemplating these new rules, the Board of County Commissioners have had a moratorium in place in September, prohibiting the approval of latest STR licenses — till some new insurance policies have been determined upon. That moratorium expired on March 1 (in line with my reckoning) but it surely seems the BOCC would possibly lengthen the moratorium till at the very least June.
That call may be made at tomorrow’s 1:30pm common assembly on the County administration workplaces, 398 Lewis Avenue.
From the assembly agenda:
A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF ARCHULETA COUNTY, COLORADO, EXTENDING THE MORATORIUM ON THE SUBMISSION, ACCEPTANCE,
PROCESSING AND APPROVAL OF ANY APPLICATION FOR A PERMIT OR OTHER LAND USE APPROVAL RELATED TO THE OPERATION OF A VACATION RENTAL IN UNINCORPORATED ARCHULETA COUNTY
WHEREAS, on July 19, 2022, the Board of County Commissioners of Archuleta County, Colorado (the “Board”) adopted Decision 2022-75 (the “Decision”) which adopted an interim moratorium for the submission of purposes for trip rental permits, which went into impact on September 1, 2022 (the “Moratorium”); and,
WHEREAS, since that point, the county supervisor has sought enter from citizen’s teams on how finest to manage trip leases; and,
WHEREAS, further time is required for county employees to extra completely examine the related points and develop any further applicable rules associated thereto;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF ARCHULETA COUNTY, COLORADO THAT:
Part 1: The Moratorium, adopted on July 19, 2022, is hereby prolonged for an extra three months and shall proceed till the primary common assembly of the Board scheduled for July 5, 2023, at which period the Board will take into account whether or not one other extension of the Moratorium is warranted.
Part 2: This Decision shall change into efficient instantly upon adoption.
APPROVED AND ADOPTED THIS 14th DAY OF MARCH, 2023.
The BOCC doesn’t usually settle for public remark when contemplating ‘resolutions’… however the agenda contains a possibility for public feedback in the beginning of the 1:30pm assembly.
Invoice Hudson started sharing his opinions within the Pagosa Every day Submit in 2004 and might’t appear to interrupt the behavior. He claims that, in Pagosa Springs, opinions are like pickup vehicles: all people has one.