Chico Police arrest an alleged bike thief. Earlier this month two expensive bicycles were reported stolen from A Main Hobbies on East 20th Street. Two days later an officer reportedly spotted 31-year- Michael Borden in possession of a bicycle that closely matched the description of one of the bikes stolen. According to a Chico Police Department press release, the bicycle had allegedly been repainted and the serial number was not able to be confirmed so Borden was released. Then on Friday he was spotted by officers but fled the area. Borden was arrested Sunday afternoon on Virginia Street, near 20th Street Park for possession of stolen property and fraud for attempting to license the stolen bike in his name.