Error message says solidworks can't find the Design Library

I have my design library pathed to L:\, where all my common parts are located.  The design library pane shows this at the top of the list as "L:\" next to the books icon.

When I click it, I get the error message "The folder 'L:\' does not exist.  Do you want to remove it as a Design Library file location reference?".

I say no, and then SW opens the library and I am able to add parts normally.  But this popup is annoying, especially when I accidentally click yes, and then have to re-path my library.

Any ideas?

SolidworksUser Interface