Wednesday, March 20, 2013
In a recent letter, Beth Call expressed concern that the residents in the so-called doughnut area around Walla Walla would bear the major expense of a new library.
The Rural Library District plans to expand the Burbank and Prescott library buildings, and build new libraries in Touchet and near Walla Walla. To do this it will use their current reserves plus borrow $2.3 million. This loan would be amortized over 30 years. At 5 percent interest, the annual payment would be $149,618.30.
In 2012 the Rural Library District paid the Walla Walla Library approximately $245,000 for library access for county residents.
Saving $95,000 a year for 20 years amounts to $2.85 million. A bargain.
Bruce E. McCaw