The faulty logic that the given sentence contains is B. Either-or Fallacy. An either-or fallacy is the limiting of possible answers into two or it is oversimplifying. In the given sentence above, it only gives two possible answers: either meeting the deadline, or if not the town will suffer.
It is called a simple sentence.
1: Do you know why he isn't home yet?
2: Do you know where I can pay a debit card?
3: Could you tell me where I can find the gas station?
4: Could you tell me whose car this is, please?
5: Do you know the time the next train leaves?
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1: Do you know where I could find a cheap hotel?
2: Where could I find a nice restaurant near here?
3: How much money would it be to take a taxi to the airport?
4: Do you know where I could buy a map of Bangkok?
5: Do I need visa to go to Ireland? (I'm not too sure on this one)
Hope this helped!