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April 5 - Town of Falmouth

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MR. JOHNSON: That area includes the $2.1 million<br />

settlement, or rather judgment, issued by the court for ARCAD.<br />

MS. MURPHY: The $2.1 million settlement and what is<br />

beyond the $2.1 million settlement and the legal, the legal to date without<br />

that amount?<br />

THE MODERATOR: Mr. Duffany.<br />

[Mr. Duffany and Mr. Johnson confer.]<br />

remaining $6 million?<br />

spent?<br />

Tinkham Reporting<br />

(508) 759-9162<br />

1-<br />

MR. JOHNSON: Yes, about three and a half.<br />

MS. MURPHY: Three and a half million dollars out <strong>of</strong> the<br />

MR. JOHNSON: Yes.<br />

MS. MURPHY: Is now being spent on legal? Or has been<br />

THE MODERATOR: Has been spent.<br />

MS. MURPHY: Has been spent on legal. Do you anticipate<br />

any more money going to the legal?<br />

MR. JOHNSON: We are in the final stages and this last set<br />

<strong>of</strong> mediation we’re hoping will solve the few issues that remain with Phase<br />

2 and will make it so that we do not have a lot <strong>of</strong> legal fees at the end <strong>of</strong><br />

this project.<br />

MS. MURPHY: So, do you anticipate that going –<br />

MR. JOHNSON: Essentially I think we’re going to hopefully<br />

25

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