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Trust funds, Foundation support discussed as library landscaping estimate tops $400,000
Summary
Trustees discussed funding options for a planned landscaping project; Director Galstad said she has not received updated designs or costs and that Sherri Proud estimates the project will likely cost at least $400,000. The board will await more detail from Confluence.
Trustees discussed funding options for a planned landscaping project but had not received updated design documents or a refreshed cost estimate at the July 8 meeting. Director Alison Ames Galstad said the trust & agency account (gifts with no designation) is in good shape but cautioned it should not be treated as a general savings account; separate reserves exist for specific projects.
Galstad said the Library Foundation Board is discussing potential financial support and that project consultant Sherri Proud "doesn’t think it will be less than $400,000." Galstad said she will request updated estimates and materials from Confluence so the trustees can review options and identify appropriate funding sources.
