Update, Nov. 15th, 2010
Okay, update time.
I talked to Charlie O on the phone, and it's looking like we're ready to start the second to last phase, maybe. The frame is done, so I'm picking it up to paint, along with the tank and seat. We have a pair of CB400F wheels that I will take to clean up and put new rubber on, and there are also forks, brakes and triple clamps. We'll use a standard '70s Honda headlamp bucket, top triple from a CB360 (no cast-in handlebar clamps for a cleaner look) and I think I have all the other parts I need except the exhaust and a regulator-rectifier, which I will buy from K&L.
Charlie has a nice set of engine cases and all the internals he needs, so he will start building the motor now. JEMCO has cashed my check, so I'm hoping the exhaust system (in the picture) will be on its way soon, too.
Finally, biz partner Kenyon will paint the seat and tail section in vibrant CityBike newsrack red.
One final issue: we need an inner fender solution to keep crap off the motor, carbs and air filters. The finished bike will pretty much look like the below bike. Any ideas?