Love the mobile work bench. Nice bike. Last summer I rehabilitated a nice Lotus mixte for my daughter in law. Good bikes, even the entry level units. As you can guess, that Lotus is still up in my loft. Who knows when we'll travel to deliver it. Ugh.
Good start on the tools. Keep acquiring until you can put the adjustable wrenches and the vice grips away. Those are good for lawn mowers, not bikes. Also take care with that steel "tar arn". The steel levers can damage aluminum rims. Modern plastic levers work very well and are fine on aluminum rims. Steel levers are good for lawn mowers.
That bike will be great when you're done with the cosmetics. Post more photos.