Explain “Hosted Stays” and “Cottage Colonies.”

From the definitions in the Warrant: 

Hosted Stay: An overnight stay whereby a short-term renter occupies a portion of a dwelling unit where the owner is present. An owner is considered present when the owner is on the premises except during the daytime and/or work hours. 

Cottage Colony:  A group of four or more detached dwellings, legally in existence at the time of adoption of this bylaw, located on a single lot, which is customarily occupied on a seasonal basis.

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1. What are the differences between the Select Board-approved Warrant and the Finance Committee-approved Warrant?
2. What is the process for reverting to the Select-Board version of the Warrant and/or Articles?
3. If Article 2 does not pass, will the Town of Nantucket be liable for legal fees associated with legal challenges to the Town’s approval of certain STRs by neighbors of these STRs?
4. Explain “Hosted Stays” and “Cottage Colonies.”
5. Is there an estimate of the cost of enforcing the regulations in Article 1?
6. How will enforcement of the provisions of Article 1 be funded?
7. Are there exceptions to the regulations in Article 1 for hardship/unusual situations?