(a) Any financial institution required to have an alarm system pursuant to federal or state law, rule or regulation, may install any such specialized equipment thus mandated, and such costs of installation, maintenance, repair and operation shall be borne solely by the institution installing the same.
(b) In the event that the specialized equipment permitted in (a) above, is installed upon City property, the officer of the City having jurisdiction over such City property shall have full, complete and final authority to mandate the placement of such specialized equipment, the continuous inspection of the same as may be necessary and the repair or replacement of inoperative or damaged equipment, the same being at the sole expense of the financial institution placing such specialized equipment.
(c) A financial institution which places specialized alarm equipment upon property of the City may, at any reasonable time, remove such specialized equipment from City property, but no fee previously charged for such installation or permit, or portion of such fee, shall be refundable to such financial institution.
(d) All financial institutions coming within the purview of this section shall remain amenable to all other provisions of this chapter and shall make whatever application, receive whatever permits, and pay whatever fees which may be applicable to the ownership and operation of any other alarm system within the City by any other person.
(Ord. 87-77. Passed 4-6-87.)