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. <br /> , REGULAR DiEETING OF THE OROPJO COIJPdCIL, JUNE 15, 1978 Page 60 <br /> This being the case, it would be advantageous to SAVINGS ACCOUNT <br /> have a savings account at the principal depository (Continued) <br /> for these short term investments. It is requested, <br /> therefore, that Council authorize the City Treasurer <br /> to establish such an account at the First National <br /> Bank of Navarre. <br /> The only transactions would be directly between <br /> this savings account and the City' s various <br /> checking accounts. The Treasurer, Deputy <br /> Treasurer or City Adr.iinistrator would be authorized <br /> to initiate transactions to and from this savings <br /> account. <br /> Council Pieeting - June 15, 1978 <br /> Mayor Van Nest moved, Paurus seconded, to approve <br /> the establishment of a savings account at the <br /> First National Bank of Navarre. Motion, Ayes (4) - <br /> Nays (0) . <br /> Dick Benson, City Administrator, presented a SPEED LIMIT <br /> memo from John Gerhardson, Public Works Narrows Bridge to <br /> Coordinator, dated P�iay 19, 1978, which states: Navarre <br /> On P!iay 15, 1978, the City of Orono received letters <br /> of complaint from W. H. Nicholls and Mary Watson, <br /> 2770 & 2775 Shadywood Road (County Road 19) , <br /> respectively. These letters dealt with the speed <br /> limit on Shadywood Road from the Narrows Bridge <br /> �orth to Shor.eline Drive (County Road 15) at <br /> Navarre. <br /> P�ir. Nicholls is requesting the present 40 r4PH speed <br /> limit k�e reduced to 30 MPH_ " <br /> As in the past, the procedures are that the City � <br /> must b� Council action, draft and present to <br /> Hennepin County a resolution requesting a traffic <br /> study to be conducted to determine the proper <br /> speed limit. <br /> I have attached a resolution to that effect should <br /> the Council decide to proceed with a resolution. <br /> Council Meeting - June 15, 1978 <br /> P�Iayor Van Nest moved, Pesek seconded, to adopt RESOLUTION #911 <br /> Resolution #911, A Resolution Requesting The Speed Limit <br /> Iiennepin County Department Of Transportation To Shadywood Road <br /> Conduct A Traffic Study On Shadywood Road (County <br /> Road 19) In The City Of Orono. Motion, Ayes (4) - <br /> Nays (0) . <br />