Yowza! That's a nice one, congratulations on that find.

That's a 1984 model and a super-popular Lotus. I also personally love that color combination. The original front rack is so difficult to find we suspect they weren't sold with some of the bikes. Any chance you also got the original bottle cages and pump with that?

I'd recommend keeping the bike as original as possible and saving anything and everything that you remove and replace. Just pack everything neatly in a box and store it somewhere.

The foam grips were original equipment for 1984, but the 1983 bikes came with blue bar tape to match the blue accents on the bike.

I don't usually have bicycle envy, but in this case . . .