Butler City Council continues to designate destinations for the funds from the proceeds of the sale of the BASA assets.
At their meeting Tuesday night, Council introduced the first reading of an ordinance to set up a Legacy trust to handle $50 million at PNC Bank.
Last month, Council approved moving $32.5 million from the NexTier Bank account to a Fidelity Investment account.
If this ordinance is given final approval by vote next month, it would leave about $10 million in the NexTier account that originally contained the full $92 million of the City’s share.
