Stolen bicycles

According to Stolenlaw.com, each year, somewhere between 800,000 and two million bicycles—worth some $50 million—are stolen. It’s difficult to determine the precise number of stolen bikes, because most bike theft is never reported to law enforcement. Thus, even though 48% of stolen bikes are recovered by law enforcement, only 5% of stolen bikes are returned to their owners.
 
As bicycles are very expensive, anywhere from $200 on up--

Pro race bikes cost >$10,000
Competitive race bikes cost around > $3,000
entry level race bikes cost >$200 on up to $1,000--

Last night, a citizen spoke regarding three bicycles of his that have been stolen off his property. They were all locked. A question was asked by the vice mayor if bike owners had to register them with the city. No one knew the exact law but a few said "yes."

Our Charter says,

Sec. 8-2. License required. It shall be unlawful for any person to ride or use a bicycle upon the streets, avenues, alleys or other traffic areas or ways used either for vehicular traffic, without first having obtained a city license for such bicycle as provided by this chapter.