A business may apply to the Police Chief for exemption from the provisions of this chapter if that business has undertaken alternate security measures which are substantially equal to or more effective in preventing criminal activity and assisting in the apprehension of the perpetrator and for protecting employees. The Police Chief shall issue in advance after the enactment of this chapter written standards which the Police Chief, or the designee of the Police Chief, will consider in determining alternate security measures. If the Police Chief or designee approves such alternate security measures submitted by the business, then the business is not required to comply with the provisions of this chapter for as long as the approval of the Police Chief or designee is effective. If the application for exemption is denied by the Police Chief or designee, the business may then appeal to the Council for further review of the application for exemption and the decision of the Council shall be final, except to such extent as the same may be changed by judicial review.