understand it's a clutch motor meaning belt and clutch slipping is your friend, it hasn't been used, after you start using it it will stink like burning brakes. don't worry about that. the grabbnes should stop in time of use.
if you don't like a clutch, servos at 550 watt motors can be had delivered at around $125, these a world of choices on the brands. most all come complete motor wiring, switch and lamp, new bolts. with that it turns int o big home type machine,
a cheap way to get the wiring, home depot , but a heavy duty extension cord. largest gauge wire they have, use that, get a 20 footer. make it as long as you want from switch to wall, there'll penalty to use from switch to motor and a light. the cord will already have the wall plug installed