Salt Lake City Mayor Ralph Becker announced Tuesday that starting next spring, residents will have the option to ride publicly shared bicycles.

The new program, SLC Bike Share, will implement nearly a dozen bike stations where people can go to rent a bicycle. Riders will have to pay $5 to rent a bike for 24 hours or $75 for an annual pass. The annual pass will allow a bike checkout any time.

The bikes will feature a security lock, a carrying basket, a chain guard to protect clothing, and a built-in GPS in case the bike is stolen or missing.