The PO must have had a thing for duct tape and accessories, plus I think I know why he parked it in the garage before the knubs were worn off of the original Schwinn tires- the derailleurs were way out of adjustment, making shifting a real challenge. - A bike shop issue?

So It's now a casual, ride around town, put the kickstand down and talk to people ride. Put a few miles on it today and was impressed by the smooth ride and easy handling. It's a shame Schwinn died.