(a) A financial institution required to have an alarm systems pursuant to the provisions of the Bank Protection Act of 1968 (12 U.S.C., Section 1882) may install, with the permission of the Chief, a signal line directly to the Police Department for the purpose of reporting burglaries and robberies. If such an arrangement is made, all other requirements of this chapter must be met. The financial institutions shall execute a letter of agreement with the City permitting the installation of all necessary equipment on an indicator panel monitored in the communications divisions of the Police Department. The installation must be accompanied at the institution's expense.
(b) The Chief shall have the right, at reasonable times and upon oral notice, to inspect the alarm system at the alarm site and require necessary repairs or improvements. If the chief finds that the alarm system continually fails to operate properly or be operated properly, he may terminate the privilege to have equipment and indicators in the communications center of the Police Department and require prompt removal of the equipment at the expense of the financial institution.
(c) The financial institution, at its expense, shall make arrangements to provide service of the alarm system at the request of the financial institution or the chief on a 24-hours basis, seven (7) days a week. In no event shall the City become liable for charges for repairs and maintenance.
(d) The financial institution may cancel its agreement with the City at any time by giving the City written notice through the Chief, and at its own expense remove its equipment and indicators from the monitor panel in the communications center.
(e) The chief may require any change, modernization, or consolidation of alarm signaling equipment that he deems advisable. In no event shall the City become liable for charges for these changes.
(f) Instead of a direct signal line, a financial institution may report burglaries and robberies by transmission through an alarm monitoring company using a special Trunkline designated by the Chief. (Ord. 29-2022. Passed 5-2-22.)