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I. Introduction. INDIANTOWN COMMUNITY TRUST FUND FUNDING INFORMATION ASSISTANCE PROGRAM In July of 1991 Martin County Board of County Commissioners entered into a planned unit development (PUD) agreement for the development of the Indiantown Cogeneration Project. A condition of the PUD agreement required the establishment of the Indiantown Community Trust Fund with the interest from the trust fund used for projects which benefit the Indiantown community and have a general synergy with the Indiantown Cogeneration Project. Martin County and Indiantown Cogeneration, L.P. then entered into a separate agreement that further defined the County as the trustee of the trust fund, and detailed the operating parameters of the trust. According to the PUD condition and the trust fund agreement, the trust was established at the time of preliminary development plan approval. At the issuance of the first building permit the Indiantown Cogeneration L.P. presented Martin County with the check for one million dollars for deposit into the trust fund account. The trust fund has been accruing interest since October 21, 1992. The PUD condition and the separate Indiantown Community Trust agreement specified the creation of a Special Advisory committee. The committee reviews applications for proposed projects, and makes recommendations for funding for the projects from the accrued interest of the trust fund subject to final approval by the County Commission. The committee must annually prepare a prioritized list of proposed projects to be funded by the income of the trust fund. The committee consists of two members from Indiantown Cogeneration, L.P., one County Commissioner, and four members from the Indiantown community. At least one of the four community members must be from Booker Park and one of the four must be from Indianwood. \\martin.fl.us\dfs\home\rlawton\My Documents\Temp\20_Instructions.docx
II. Procedures for Applying for Assistance from the Indiantown Community Trust Fund. A. Eligibility. Applicants may be private non-profits, for profit entities, community associations or governmental entities. B. Amount of Funding Available. Projects may be funded from the interest. Approximately $13,000 per year is available to fund project(s) from the interest. C. Availability of Applications. Application for funding must be made on the attached application form. Applications are available at the following locations: Elisabeth Lahti Library, 15200 SW Adams Avenue and Indiantown Chamber of Commerce, 15935 SW Warfield Blvd. in Indiantown, Florida; Administrative Center Reception Desk or at the Growth Management Department, 2401 SE Monterey Road , Stuart, Florida 34996. Applications will be taken once per year. D. Submittal of Applications. All applications are due on Friday, April 26, 2013. Applications must be received by 4:30 PM on the due date. Three copies of the application must be submitted. One must contain original signatures. Applications must be submitted to the Elisabeth Lahti Library, 15200 SW Adams Avenue, Indiantown, Florida 34956 or to the Growth Management Department, 2401 SE Monterey Road, Stuart, Florida 34996. Proposals received after the deadline will be ineligible for funding. E. Technical Assistance. Technical assistance is available from Martin County staff in proposal development, and in blending and matching programs as appropriate. For further information, call 288-5495. \\martin.fl.us\dfs\home\rlawton\My Documents\Temp\20_Instructions.docx
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