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SOUTH WHITLEY â€” Town officials reviewed appraisals on South Whitleyâ€™s water and infrastructure at Tuesdayâ€™s council meeting.
An average value of $1.4 million was derived from two appraisals.
The assessment was conducted when town leaders started to entertain the idea of selling the townâ€™s water utility to American Water, a company that services 1.2 million people in 126 communities throughout Indiana.
Town Council member Steve Smith wanted clarification that the bid for sale might differ from the appraised value.
â€śYour proposal for sale may not be reflected in these appraisals,â€ť Smith said.
â€śJust because we got an appraised value doesnâ€™t mean thatâ€™s the sales price. I want to make that clear.â€ť
Representatives from American Water were on hand and agreed to Smithâ€™s assumptions.
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