The licensing fee to be paid for each bicycle shall be $2.00 and shall be paid in advance. The fee to be paid for subsequent renewal stickers shall be $1.00 per year and shall be paid in advance. All license fees collected under this chapter shall be paid into the bicycle safety and recreation fund of the city. (Ord. 244 § 1; Ord. 202 § 1. 2002 Code § 3-5.8).