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the islands that appeal to visitors but do not have hotels. Thus, any proposed regulation <br /> of vacation rentals should be made thoughtfully so that the safety and convenience of <br /> surrounding neighbors is balanced with the economic benefits of providing a mix of <br /> visitor accommodations. <br /> It is uncertain what the overall effect of this bill will have on the economy of the <br /> island, which relies heavily on tourism,but it is apparent that this bill may have <br /> beneficial economic impacts in some areas (primarily resort zoning) and adverse <br /> economic impacts in other areas like agricultural areas and Volcano Village. One of the <br /> main economic engines of the County is the Hawai`i Volcanoes National Park. <br /> According to a National Park Service report, in 2017 there were 2,016,702 visitors to the <br /> park that spent$166 million in nearby communities, which supported 2,020 jobs in the <br /> local area and had a cumulative benefit to the local economy of$222,394,900. Should <br /> Bill 108, Draft 4 be adopted,there are only 3 vacant CV-zoned properties in Volcano <br /> Village where a new un-hosted short-term vacation rental would be permitted with a Use <br /> Permit. Exiting STVR's in and around Volcano Village could continue to operate with a <br /> nonconforming use certificate,but at some point in the future these will decline since the <br /> bill requires annual renewal of the certificate. If owners are not able to easily establish <br /> new STVR's to meet the demand for tourist accommodations near the park, instead they <br /> will likely establish a `hosted' rental to avoid,the fees and regulations imposed by Bill <br /> 108, Draft 4. <br /> As previously stated,this bill does not address `hosted' vacation rentals. The only <br /> type of hosted short-term vacation rental currently defined and regulated in the Zoning <br /> Code is a bed and breakfast establishment. B&B's allow up to ten guests in up to five <br /> bedrooms, and breakfast meals may be offered. Parking requirements for B&B's in the <br /> Zoning Code are similar to the parking requirements proposed in Bill 108, Draft 4 for <br /> STVR's. • <br /> All other `hosted' vacation rentals, that are not B&B's, are not defined or <br /> regulated in the Zoning Code,but needs to be since they have similar negative impacts on <br /> neighborhoods as `un-hosted' STVR's. These are single-family dwellings where the <br /> owner/operator resides and rents rooms on a short-term basis to no more than five(5) <br /> unrelated people,which is defined as a"family"in the zoning code. At some point in the <br /> -7- <br />