A very cursory wax job later... and as long as you stand five feet away...
It's no longer embarassing to be seen in!
Rebuilt the brakes all around (seals, pads, rotors, lines, etc.)
A very nice set of used tires (on a crummy spare set of wheels) from Michigan.
Plus he threw in a free gas tank!
Ah, the gas tank turned out to be quite a saga... See it here:
Gas Tank Trials and Tribulations