Home Equity Line of Credit Loan

6.00 the law or delay enforcement of city ordinances and codes while waiting for increased shelter beds,” he wrote.

“However, Martin does not suggest that unsheltered individuals are immunized from law enforcement in any capacity, nor does it allow for the city to ignore the problems in a way that creates a public nuisance.”

Ho said, “I want the City Council to pass a resolution that mandates the enforcement of city code and ordinances. What the city has been doing up to this point is clearly not working.”

CARMICHAEL www.eldoradosavingsbank.com

800.874.9779

*The initial Annual Percentage Rate (APR) is currently 6.00% for a new Home Equity Line of Credit (HELOC), and is xed for the rst 5 years of the loan which is called the draw period. After the initial 5 year period, the APR can change once based on the value of an Index and Margin. The Index is the weekly average yield on U.S. Treasury Securities adjusted to a constant maturity of 10 years and the margin is 3.50%. The current APR for the repayment period is 7.25%. The maximum APR that can apply any time during your HELOC is 12%. A qualifying transaction consists of the following conditions: (1) the initial APR assumes a maximum HELOC of $200,000, and a total maximum Loan-to-Value (LTV) of 70% including the new HELOC and any existing 1st Deed of Trust loan on your residence; (2) your residence securing the HELOC must be a single-family home that you occupy as your primary residence; (3) if the 1st Deed of Trust loan is with a lender other than El Dorado Savings Bank, that loan may not exceed $300,000, have a total maximum loan-to-value (LTV) of 65% and may not be a revolving line of credit. Additional property restrictions and requirements apply. All loans are subject to a current appraisal. Property insurance is required and ood insurance may be required. Rates, APR, terms and conditions are subject to change without notice. Other conditions apply. A $525 early closure fee will be assessed if the line of credit is closed within three years from the date of opening. An annual fee of $85 will be assessed on the rst anniversary of the HELOC and annually thereafter during the draw period. Ask for a copy of our “Fixed Rate Home Equity Line of Credit Disclosure Notice” for additional important information. Other HELOC loans are available under different terms.

The district attorney didn’t rule out suing the city for lack of enforcement. “I have the authority to prosecute criminally and civilly, so we’ll just have to see,” he said. “Nothing is off the table.”

Complaints about dangerous encampments are not limited to the courthouse area. Similar conditions appear all over Downtown. Sadly, visitors, residents and small business owners deal with this every day.

I took a visitor from Tucson on a tour. She was stunned to see tent encampments and trash lining J Street around City Hall, the old post office and library, county offices and courthouse.

“The responsibility to enforce and prosecute Sacramento city ordinances and code violations rests squarely upon the City of Sacramento and the city attorney’s office,” Ho concluded in his letter to Valenzuela.

He wrote, “The proliferation of encampments on Downtown streets has closed businesses, endangered people’s safety and is slamming the door of justice on those that need it most. Our Sacramento County residents do not want to come Downtown to patronize our businesses and perform the duties we need and require them to fulfill.”

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Cecily Hastings can be reached at publisher@insidepublications.com. Previous columns can be found and shared at InsideSacramento.com. Follow us on Facebook and Instagram: @insidesacramento. n