Return: Bicycle and lock must be returned by the end of the loan period. User will be charged a $10.00/day late fee. After 10 business days user will be charged the full cost of the bicycle ($350) and rented equipment ($50 for lock and/or key). Failure to return bicycle, helmet and lock will subject user to legal liability of $400.00, as well as having student account placed on hold.
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On the other hand, an on-bike repair kit will be a much smarter selection of tools that you are most likely to need. You should figure out the type of screws that are fitted on your bike and the things that are most likely to go wrong on a ride. Address only these things so as not to burden yourself too much with unnecessary stuff. Moreover, there are bike repair kits used on long rides and those used on shorter rides. The longer the ride, the more tools, and spare parts you will have to bring unless you want to have a very long hike back home.
As you mentioned, it is surprising how often you can get multiple flat tires on while riding, particularly on longer sprints. The tip about bringing a patch kit in your bike repair kit can be incredibly helpful if you’ve already had one flat tire. I agree that all you listed seems like an awful lot to carry, but it’s always better to be safe than sorry, isn’t it?
In addition to the Rema patches, put a new tire tube in your kit. The best method for dealing with a flat roadside is to swap out the tube and save the task of patching for later. If you’re not sure what size your tires are, it’s printed on the sidewall of the tire. This inner-tube buying guide has some photos of where to look. What brand is almost irrelevant as many tubes get manufactured in the same place, so whatever your local shop has behind the counter for under $10 will work fine. The only reason to spend more would be to save weight.
The thumb test is the fine art of pressing on the tube with your thumb to see if it’s inflated. During testing, I took a pressure reading out of curiosity, and to the touch, road tires feel fully inflated around 30 psi. How pathetically sad—30 psi!—when you’re probably trying to reach at least 60 psi on a mountain bike, 70 or more on a hybrid, and it only goes up from there.
Whether you ride a single, 7, or 10 speed bike or anything in between, you will need a slightly different chain. The major difference is that they come in varying widths to accomodate the different spaces between the gears, but quality of construction is also a factor in choosing a chain. Inspecing the chain should be a part of your regular cycle maintenance procedure- It’s important to keep a chain well lubricated, but oil will also attract dirt and so different oils for specific riding conditions are available. Remember to clean your chain regularly to get the longest life out of it and the gears.