Wow! small world, i assumed you were in the states. My high school in Niagara Falls had awesome tech set up too, full wood working, metal, automotive and refridegeration shops.
I am teaching at UOIT for a private ESL school existing on campus. Any chance I could come up and see the progress in the new year? Maybe I can give some kind of talk on cultural sensitivity or something to make it legit with your principal! ;D
Do you have a legit title for the bike? If so, you can worry about the safety and register once its done, thats what I did with mine.