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.
Brad Gilbert
Falmouth
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.