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Attend this FREE event on Saturday June 5, 2010 and see some of the southwest's top comedians at Goodyear Park, 3151 N. Litchfield Rd., Goodyear, AZ 85395.  From 8:00 p.m. to 9:30 p.m. For more info go to: http://www.ci.goodyear.az.us/CurrentEvents.aspx?EID=1326

The brand new Mabel Padgett Elementary School (part of Litchfield Elementary School District) is scheduled to be completed in July, 2010 just in time for the August 9^th start date.  Students from K-5 who live in Palm Valley Phase 5 (West of Millenium High School, North of Indian School Road, South of Camelback, and East of Sarival) as well as students living in and around the Rio Paseo (West of Bullard, East of Sarival, North of McDowell, and South of the canal) were approved to attend Mabel Padgett Elementary.  The school will also have a preschool program. 

 If you would like to vote on the school colors and mascot go to following website: http://www.lesd.k12.az.us/MabelPadgett.cfm?subpage=932634.

Under the Neighborhood Stabilization Program there are many communities around the valley that are offering down-payment and closing costs assitance to qualified homebuyers who purchase a foreclosed home.  For program details in your area and whether you qualify, go to: YourWayHomeAz.com  

1st Time Home Buyer Credit Amount: $8,000 ($4,000 married filing separate)

Current Homeowner Credit Amount: $6,500 ($3,250 married filing separate)

Definition of 1st Time Home Buyer:  May not have had an interest in a principal residence for 3 years prior.

Definition of Current Homeowner Credit: Long-time homeowners who buy a replacement principal residence.  Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years. 

Limitation on Cost of Purchased Home:  $800,000 max

Credit Ends on April 30, 2010.  Note:  Must be under contract by April 30, 2010 and closed by June 30, 2010 .

Income Limits:  $125,000 single and $225,000 married.  The credit phases out for individual taxpayers with modified adjusted gross income between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers.  

Credit is claimed using Form 5405.