I'm in! I guess I'll go for the "mucho cheapo" category again, although I'm going to feel a little bad because I know I'll be replacing some stuff with parts that have been in my possession for quite some time which adds $0 to the total.
Anyway....
I picked up a Motobecane Grand Record at the local bike thrift store a a couple weeks ago for $37.50 ($35 plus tax).
As purchased, loaded up at the thrift store:
Here is a "before" pic:
The only thing I've done to it up to this point was air up the extremely dry rotted tires and rode up and down my short driveway a couple times. I also gave hardware and some components some lube, in preparation for teardown during The Challenge timeframe. I'm happy The Challenge has begun, because I've been itching to get working on this.
I began disassembling some things today, the rack was the first thing to go!