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City awards $1M in federal funds for bike-rental service

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The Indianapolis Board of Public Works awarded $1 million in federal funds to B-Cycle LLC, a Wisconsin company that will bring its bike-rental service to the Indianapolis Cultural Trail.

The public works board on Wednesday afternoon awarded the contract, which allows B-Cycle to spend up to $1.5 million to install its electronic stations and purchase bikes. Any spending beyond the federal funds will be covered by the Indianapolis Cultural Trail Inc., a private not-for-profit entity that's supposed to raise money for maintaining the eight-mile path.

The bike-rental program will be the responsibilty of ICT Inc., which will collaborate with Bollore Group, a French company that plans to invest $35 million in a car-sharing service in Indianapolis.

A request for proposals issued by ICT and the city in December 2011 anticipated 24 bike-sharing stations with 300 bikes. ICT will hold two public meetings to take input on exact locations. The meetings will be from 12:30 p.m. to 2:30 p.m. on June 27 and from 5:30 p.m. to 7:30 p.m. on July 10. Both meetings will be at The Platform, 202 E. Market St. Comments will also be collected at www.indyculturaltrail.org, beginning on June 27.

B-Cycle allows users to buy short-term and long-term memberships online or 24-hour passes at its stations. The stations operate with electronic locks, and the bikes can be released with a swipe of a pass card or through the adjoining payment kiosk.

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