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.
On May 24, 2018, the Village Council adopted Resolution 23-2018 accepting the transfer of the Indiantown Community Trust Fund to the Village to administer and distribute funds.
The PUD condition and the separate Indiantown Community Trust agreement specified the creation of a Special Advisory committee. The committee annually 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 Village Council.
The committee consists of two members from Indiantown Cogeneration, L.P., one Council Member, 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.
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 $70,000 will be available for the 2024 fiscal year for this round of applications.
Availability of Applications.
Application for funding must be made on the attached application form. Applications are available at the following locations:
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Elisabeth Lahti Library, 15200 SW E Thelma Waters Avenue
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Indiantown Chamber of Commerce, 15935 SW Warfield Blvd. in Indiantown, Florida
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Village Hall Office located at 15516 SW Osceola Street open Monday through Friday 9:00 AM-5:00 PM.
The application and instructions can also be found on the web site under “Indiantown Community Trust Fund Page” at www.indiantown.org.