Butler City Council heard from another financial adviser Thursday, April 13, evening regarding potential uses for the money the city will receive 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 for $231.5 million, a sale that is being evaluated by the Pennsylvania Public Utility Commission before the transfer can be official. The city is set to receive about $115 million from the sale.

PNC Institutional Asset Management & PNC Capital Advisors spoke at the meeting about putting chunks of the money into investments that compound over different lengths of time.