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Our Approach to the Project The Urban Center's approach to the project is comprised of the foliowing phases. Project deliverables are underlined. • Gather background fiscal information. The Urban Center would gather information about the fiscal and economic variables to be used in the study. If Mayfield Village decides to do a resident survey, The Urban Center would suggest some of the questions to be asked, and woutd incorporate survey results into the model on a best efforts basis. Existing Mayfield Village studies would be evaluated. This includes a meeting with the MayField Village project participants to identify concerns, and define goals and objectives to guide the study. • Prepare real estate market data. Market absorption rates and sales prices for residential and commercial land uses would be estimated for input into the models. • Prepare baseline computer model. The baseline computer model would be prepared, and math checked. Existing zoning would be modeled. • Progress meetina. The Urban Center would present the model and progress to the Mayfield Village project working group. MayField Village or the developers should provide the scenarios to be modeled. • Model 4 more scenarios. After the baseline model has been reviewed by the Mayfield Village working group, The Urban Center would model up to 4 more build out schemes. • 1Nrite up results. The final report would be prepared. It would include the methodology used and results of the 5 scenarios. Ten copies would be provided. • Present results. The results would be presented at up to two public meetings. • Model and present additional scenarios. (Optional) If Mayfield Village determines that additional scenarios are needed, these could be provided. The Urban Center Page 5