Butler hires third-party adviser to help with BASA sale money
Butler will pay $3,000 to retain a business adviser to help choose an investment adviser for the money the city is expected to receive through the sale of the Butler Area Sewer Authority.
Butler City Council voted unanimously Thursday, July 27, to retain Jason W. Ross, of Relevate Business Advisors, to evaluate the financial advisers the city interviewed to help manage money Pennsylvania American Water will pay for BASA.
“He has done this before, but we’re further along than what most municipalities or other organizations he’s dealt with are, because we’ve already got presentations,” Butler Mayor Bob Dandoy said at the council meeting Thursday. “He’ll synthesize it and put it all together and come up with a report for us so that will make our job easier in selecting our financial adviser for the BASA funds.”
