Thanks for the link and the comments on my blog (linuxsagas). I wouldn't consider myself mature -- I am still figuring this stuff out too.
Here is my thought: you probably want to check out your Google Code repository to create your local one.
Maybe something like this:
1) rename your "bond" directory to something like "bond-backup"
2) create a new "bond" directory
2) checkout your Google Code site into your new directory:
git svn clone –username <username>
https://bond.googlecode.com/svn/trunk
3) copy your files from your backup directory into this new directory
4) add these files to the repository
git add .
5) commit the changes to your local repository
git commit
6) commit the changes up to the Google Code site
git svn dcommit
Just my thought -- I'd be glad for anyone to correct me.