Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

EAST/CITY [Derived Headline]

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

EAST/CITY [Derived Headline]

Article excerpt


McKeesport council OKs sale of sewage authority

McKeesport City Council on Wednesday approved the sale of the city's sewage authority to Pennsylvania American Water Co. for an amount that has not yet been disclosed.

Pennsylvania American Water has provided the city with a down payment of sorts on the sale of about $7 million. If, for any reason, the sale does not close, that $7 million would turn into an interest-bearing note.

Mayor Michael Cherepko said he could not go into detail about the sales agreement with Pennsylvania American Water because of a confidentiality agreement but said the sale of the sewage authority has "been in the works for over three years now."

The funds will be used to help get the budget under control as well as going toward capital improvements, Mr. …

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