As a trustee of Falmouth Memorial Library, I would like to point out some inaccuracies in M. Roberts Hunt’s op-ed last week (“Forecaster Forum: Falmouth library bond puts cart before the horse”). He stated: “If the library can’t raise $2.81 million before the fundraising deadline the project fails and the town will be out of pocket $300,000, plus $283,000 loaned to the library to buy an abutting property.” In this one sentence, there are three faulty statements.
First, should the library not reach its fundraising goal, the project could be redesigned to come in at a lower cost. Should this occur, the town’s contribution will not exceed 50 percent of the project cost. Second, should the project be cancelled the library is required to repay half ($150,000) of the $300,000 of pre-construction costs. Finally, the library is obligated to pay off the loan regardless of whether the project is completed, using funds other than money received from the town.