I think I'll take these steps come Fall grass reseeding time:
1- Late Summer - apply weed killer over grass; 2- Early Fall, perform low grass-cut; 3- Extreme aeration; 4- When the applied weed killer allows, reseed; 5- Top-dress with compost; 6- Reseed again following compost; 7- Keep soil moist/watered until new grass is established.
The one thing I might add is laying down a layer of peat over the compost and final reseed. This should enhance holding moisture. Would this be redundant? I.e., the compost top-dressing may be enough to hold moisture.
Thanks to all for your suggestions!
Sounds like a plan, Stan! ;)