(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 et seq.) may install with the permission of the city a signal line directly to the City Police Department for the purpose of reporting burglaries and robberies.
(1) 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 division of the Police Department.
(2) The installation must be accomplished at the institution expense.
(B) The financial institution shall pay an annual fee, as set by City Council from time to time, for each indicator, the Chief or designated person 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 City Police Department finds that the alarm system continually fails to operate properly or be operated properly, the city may terminate the privileged 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 for the alarm system at the request of the financial institution or the City Police Department on a 24-hour basis, seven days a week. In no event may 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 city and its own expense, move its equipment and indicators from the monitor panel in the communications center.
(E) The City Police Department may require any change, modernization or consolidation of alarm signaling equipment that the City Police Department deems advisable. In no event may the city or City Police Department become liable for charges for these changes.
(Ord. 106A, passed 11-16-2000)