I just got back from the local bike shop, we're I spent $42 on new parts. I have new grips, tubes, tires, and an dapter for my air pump. I sat on it for about 30 sec before I left, but couldn't keep it balanced with the flat tire. After I clean it up and put new bars on I'll see if I can make it work for me, or if its just too tall.

Right now I don't think I can stand over the bar and have both feet on the ground. Plus when I was at the bike shop I saw a flat black Globe bike that I really liked. It had front suspension, big comfy seat, fenders, and an up right position. For $350 I might go that route, especially if I can get upwards of $200 for the Univega.