Thanks for the replies/feedback and cool bike pics.
As I mentioned, I am putting mine on my ParkPre.
I have a total budget of $128 for this bike, all included.
Just found an el cheapo porteur rack through our CL with lowrider racks for the front.
I just resprayed them and they look ok.
Putting on a new chain as well.
Tires - $40
Bike- $20
Racks - $25
Chain- $15
Seatpost- $20
Water bottle cages (2) - $8
The other stuff I'm using was sitting here on the shelf and is interchangeable with my Black Mountain Monstercross.
It will make for a fun loaner when family visits.
Can't wait to try these tires though.
Before
Gotta love garage sales. This should be a fun, cheap project. Wonder how much tire I can fit? 
by
gomango1849, on Flickr
After when complete