(A)   A financial institution required to have an alarm system pursuant to the provisions of the Bank Protection Act of 1968 (12 U.S.C. § 1882) may install a special trunk line, with the permission of the Chief, directly to the Police Department for the purpose of reporting burglaries, robberies and other related emergencies. If an arrangement is made, all other requirements of this chapter must be met. The financial institution shall execute a letter of agreement with the city permitting the installation of all necessary equipment on an indicator panel monitored in the communications division of the Police Department. The installation must be accomplished at the financial institution's expense.
   (B)   The Chief shall have the right, at reasonable times and upon oral notice, to inspect the alarm system at a private or institutional 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 or she 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 the request of the Chief, at its sole expense, shall make arrangements to provide service for the alarm system on a 24-hour basis, seven days a week. In no event shall the city become liable for charges for repairs and maintenance.
   (D)   The financial institution may cancel its special trunk line service with the city at any time by giving the city written notice through the Chief and, at its expense, removing its equipment indicators from the monitor panel in the communications center within 30 days from notice.
   (E)   The Chief may require any change, modernization or consolidation of alarm signaling equipment that is advisable according to sound practices of alarm system science or trade. In no event shall the city become liable for charges for these changes. The changes will be effected within a reasonable time and at the expense of the alarm user.
(Ord. 460, passed 2-11-1986)