A TEXT AMENDMENT TO THE PINEHURST DEVELOPMENT ORDINANCE:
(i) LIMITING THE LOCATION AND OPERATION OF SHORT TERM RENTAL PROPERTIES TO CERTAIN SPECIFIED ZONING DISTRICTS; (ii) CREATING AN AMORTIZATION PERIOD FOR ALL RESULTING NON-CONFORMING USES; (iii) ESTABLISHING SAFETY REQUIREMENTS AND OPERATIONAL STANDARDS GOVERNING SHORT TERM RENTAL PROPERTIES WHERE THEY ARE PERMITTED; (iv) ESTABLISHING PENALTIES FOR NONCOMPLIANCE; AND (v) ESTABLISHING A VOLUNTARY REGISTRATION PROGRAM GRANTING IMMUNITY FROM CERTAIN PENALTIES
