I suggest you buy
this, then take it to a local bike shop to make sure it's in good mechanical condition.
While Davis is a great place for biking around, you don't need much of a bike to get around. More importantly than getting the right bike, I would suggest spending some time learning how to ride properly. Get comfortable riding in traffic, maybe even navigating a traffic circle.
Also, it might be a good idea to learn a bit of bike maintenance, I suggest stopping by
Bike Forth when you arrive.
Also, learn about Davis Wiki. See, I'm just full of help for incoming freshman.