After a year-long pilot and several delays, Seattle is finally ready to establish a permanent dockless bikeshare program.

In documents shared with GeekWire, the Seattle Department of Transportation outlines a plan that would increase the maximum number of dockless shared bikes to 20,000. There are currently about 10,000 shared bikes in Seattle, operated by three different companies.

If approved, the regulations would charge companies a $250,000 annual fee per permit. That would amount to about $50 per bike. The fees would cover the costs of administering the program and creating designated zones where bikes can be parked.

Read more on GeekWire.com.