Four entities, including two for-profit companies and two non-profit authorities, have made offers for Sellersville’s publicly-owned water system. Earlier this year Borough Council requested proposals from potential buyers, but reserved the right to retain ownership. The highest bids came from the private companies, Aqua Pennsylvania and Pennsylvania American, but council members showed little interest because they would give customers substantial rate hikes. The North Penn Water Authority offered $4.6 million, and the Perkasie Borough Authority offered $3 million, and they saw merit in both offers, which call for much smaller rate hikes. A decision on whether to sell could come late this month or early next month. Sellersville’s aging system has had problems for years, ranging from an inadequate supply to unacceptable levels of arsenic in one of several wells.