(A) Recognizing the unique security needs of financial institutions within the city, and their importance in maintaining a secure and safe community, financial institutions are permitted, with the prior approval of the Director, to install panel alarms that directly communicate with the Department of Public Safety for the purposes of reporting burglaries and robberies. This provision aims to facilitate a swift response to potential threats, ensuring the safety of both the institution and the public at large.
(1) Installation and compliance. Any installation of a panel alarm must comply with all other provisions of this chapter. The financial institution is responsible for executing a letter of agreement with the city, which outlines the terms of the installation, including permission to install necessary equipment on an indicator panel located within the communications section of the Department of Public Safety. All installation costs are borne by the financial institution.
(2) Letter of agreement provisions. The letter of agreement between the city and the financial institution shall include, but not be limited to, the following conditions:
(a) Annual inspection. The Director, or their designated representative, has the right to annually inspect the alarm system at the financial institution's premises. The institution must make any necessary repairs or improvements as required by the Director. Failure to comply with these requirements may lead to the termination of the letter of agreement and the removal of the installed equipment and indicators at the financial institution's expense.
(b) Service and maintenance. The financial institution is responsible for all service and maintenance of the alarm system at its expense. The city shall not be liable for any service charges, repairs, or maintenance of the alarm system installed under this agreement.
(c) Cancellation and removal. The financial institution may cancel its letter of agreement with the city at any time by providing written notice to the Director. Upon cancellation, the institution is required to promptly remove its equipment and indicators from the monitoring panel in the Department of Public Safety, with all associated costs covered by the financial institution.
(B) The provisions set forth in this section ensure that financial institutions within the city are afforded the necessary means to protect their premises while maintaining a clear framework for the installation, maintenance, and eventual removal of direct alarm systems. This collaborative approach between the city and financial institutions aims to enhance public safety and response capabilities to incidents of burglary and robbery at these critical establishments.
(Ord. O-24-995, passed 3-20-2024)