News   $7,500 TAX CREDIT FOR FIRST-TIME HOME BUYERS!!! First-Time homebuyers can receive a $7,500 tax credit on the purchase of a new single family home. First-Time Home Buyer Tax Credit at a Glance • The tax credit is available for first-time home buyers only. • The maximum credit amount is $7,500. • The credit is available for homes purchased on or after April 9, 2008 and before July 1, 2009. • Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. • The tax credit works like an interest-free loan and must be repaid over a 15-year period. Payments would be made at $500 per year. In the event home is sold, the remaining balance would be deducted from the profit of the home at closing. Read More ALPINE SCHOOL DISTRICT PURCHASES ELEMENTARY SCHOOL SITE The Alpine School District consummated the purchase of another future elementary school site. The 14 acre site is located in City Center just south of the Overland Trails Phase 1 subdivision and on the extension of Waddell Street. The land was purchased from a holding company owned by the Waldens and several other partners and is part of the Harmony Master Plan currently being planned by EM Development. The District is not certain when the school will be constructed but indicated within the next 4 to 6 years is probable. This is an example of the School District being far sighted in planning for future growth of Eagle Mountain. For more information contact David R. Adams, 801-372-4200 FIRST GROCERY STORE COMING TO EAGLE MOUNTAIN Associated Food Store to Start Construction This Summer Eagle Mountain, UT, May 1 – A deal to bring the first large-scale grocery store to Eagle Mountain City has been finalized, Mayor Heather Jackson announced today. An Associated Food store will begin construction in August of this year and is expected to be completed by May 2009. The store will be located on the north side of SR-73 at Ranches Parkway.  “Our citizens have been looking forward to the convenience of shopping in their own city for some time, so we are really excited to announce that it is happening,” Mayor Jackson said. Steve Miner with Associated Food Stores has announced that the store will be the first of its kind - called Coop's Market, named after Phillip Cooper, president of CWC, Inc., a new independent grocery store operator in Utah. The 50,000 square foot store will have a bakery, deli, indoor pharmacy, drive-up pharmacy, and organic food. Additional retail space will be built around the grocery store, with potential tenants to include financial services, restaurants, and other smaller businesses.  The Associated Food store is one product of the city’s increased economic development efforts. As the city with the third largest geographical area in the state, Eagle Mountain has been actively promoting its available land, reasonable prices, and population figures to interested parties within and outside of Utah. “We’ve been working diligently to develop the means and circumstances to bring more economic development to the city,” City Administrator John Hendrickson said. “This is the first step in what we hope will be more commercial growth for the city.” Read More