(A) Permission for panel alarm installation. With the authorization of the Director of the city, financial institutions are permitted to install panel alarms within the Department of Public Safety for the express purpose of directly reporting burglaries and robberies. This provision aims to bolster the security measures of financial institutions, acknowledging their heightened need for rapid emergency response due to the nature of their operations.
(1) Compliance with chapter. Any such installation shall adhere to all applicable provisions of this chapter. The financial institution is required to formalize its commitment through a letter of agreement with the city, granting permission for the installation of the necessary equipment on an indicator panel located within the communications division of the Department of Public Safety. The cost of installation shall be fully borne by the financial institution.
(2) Letter of agreement. The agreement between the financial institution and the city will include conditions that ensure the system's reliability and compliance with city standards, including:
(a) The right of the Director to conduct annual inspections of the alarm system at the institution's premises.
(b) Obligations of the financial institution to carry out necessary repairs or improvements as directed.
(c) The city's authority to terminate the agreement and require removal of equipment at the institution's expense if the system fails to meet requirements.
(B) Operational requirements and responsibilities.
(1) Annual inspection and maintenance. The Director or an authorized representative may inspect the alarm system annually, ensuring it meets the necessary standards. The financial institution is obligated to rectify any issues identified during the inspection promptly. Failure to comply can result in the termination of the agreement and the removal of the alarm system at the institution's expense.
(2) Service and maintenance obligations. The financial institution agrees to bear all costs for the service and maintenance of the alarm system. The city shall not incur any liability for service charges, maintenance, or repair of the system.
(3) Cancellation and equipment removal. The financial institution retains the right to cancel the agreement at any time, provided it furnishes written notice to the Director. Upon cancellation, the institution must remove its equipment and indicators from the Department of Public Safety's monitoring panel at its own expense.
(C) Non-transferability of rights. Rights and responsibilities under the letter of agreement are not transferable. The agreement is specific to the signatory financial institution and is intended to ensure direct accountability and compliance with the provisions set forth herein.
(Ord. O-24-995, passed 3-20-2024)