Financial advisers to aid with BASA sale revenue
Butler City Council plans to bring in three financial advisers over the course of three meetings to discuss in an open forum what the city could do with its share of the money from the sale of the Butler Area Sewer Authority.
Butler and Butler Township are in the midst of selling BASA’s assets to Pennsylvania American Water Company for $231.5 million, a sale that is being evaluated by the Pennsylvania Public Utilities Commission before the transfer can be official.
Butler Mayor Dandoy said at a meeting Thursday, Feb. 23, that he and Councilman Don Shearer have met with six financial advisers over how the city could best spend its half of the money from the sale and make it into a worthwhile investment.