LOCAL TREND. Bike Sharing Ordinance in the Northwest. 5 Key Elements.

Seattle City Council adopted a new bicylce sharing ordinance that:

• creates a 20,000 cap on sharing bicylces
• sets a nonbinding deadline for the city to build a network of protected downtown bike lanes 
• 4 companies, only 1 company, Lime has agreed to continue operating
  • $250,000 licensing fee
  • 5,000 bikes each
• Audits 2 times a year  to ensure proper bike parking
• The licensing fee is to fund up to 200 new bike-parking corrals

Seattle Times | City Council approves new bike-share rules, prompting ofo to leave Seattle