Butler City Council has chosen a plan to manage the money from the anticipated sale of Butler Area Sewer Authority assets.
After hearing from four candidates earlier this year and receiving analysis from a Certified Public Accountant, Council decided to designate deposit and bond accounts to be established at NexTier Bank while a trust account will be created at PNC Financial Advisors.
The exact amounts to be placed into each account have not yet been determined.
The approval of the sale of BASA assets by the Pennsylvania Public Utility Commission last month is being challenged in court by Center and Summit Townships who have residents serviced by BASA that could see rate increases.
