Hi TJay,
Congrats on your purchase! It should be a fun project and you've apparently got a nice shop to build in. We'll look forward to regular updates as you move forward and of course provide all sorts of advise.

The parts look to be in great shape for being stored for that length of time. What motor do you plan to use? Also, besides upgrading the carry through (and wing struts?), you might consider beefing up the bungee truss. Might as well get some use out of that Miller gear.