Lone Tree starts its own stimulus program

The Lone Tree City Council has passed a resolution giving a $2500 grant to first time home buyers on the purchase of a home in Black Otter Creek Addition, known as Finley Addition. City Councilor Helen Lemley says she wants to get Lone Tree building again. Lemly says at this time Yakish Construction, M & R Construction and Magruder Construction have agreed to a $5000 building credit. This is in addition to the American Recovery Act giving first time home buyers up to $8000 in tax credits, essentially giving qualifying home buyers a $20,500 credit toward the purchase of a home in the Finley Addition.