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~~~~~.~~~~ MAYFIELD PILLAGE 6621 Wilson Mills Road Mayfield Village, Ohio 44143 FINANCE DEPARTMENT (440)461-2210 FAX (440) 461-1628 E-MAIL: pbrett@ix.netcom.com WEBSITE: www.mayfieldvillage.com BRUCE G. RINKER PHILIP M. BRETT Mayor Director of Finance INVITATION FOR PROPOSALS :MAYFIELD VILLAGE, OHIO $4,254,000 VARIOUS PURPOSE INiPROVE11~tENT NOTES, SERIES 2000 General Obligation Bond Anticipation Notes (Limited Tax Bonds) Mayfield Village, Ohio (the Village), is planning to issue $4,250,000 Various Purpose Improvement Notes, Series 2000 {the Notes). The Village is inviting written proposals (including those sent by telecopier), or oral proposals communicated by telephone, for the purchase, at not less than par and accrued irnerest, of all of the Notes. Proposals will be received by the undersigned until 12:00 p.m. Eastern Daylight Saving Time on September 7, 2000, at the office of the Director of Finance of the Village at the address stated below. Each proposal shall specify the single rate of irnerest that the Notes are to bear. A copy of a suggested proposal form that may, but need not, be used, is attached hereto. Oral proposals will be promptly confirmed in writing by the undersigned. Any proposer that attempts to use telecopy transmission assumes the risk that its proposal is not received or that the proposer is unable to communicate on a telecopy basis, whether such inability is by reason of equipment malfunction, human error, prior use of telecopier or any other cause whatsoever. No official statemern or other disclosure document meeting the requiremern of Rule 15c2-12 of the Securities and Exchange Commission is available and, therefore, an original purchaser must avail itself of the exemption provided in subparagraph (c)(i) of that Rule limiting sales of the Notes to no more than 35 persons each of whom the original purchaser reasonably believes (i) has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of investmern in the Notes and (ii) is not purchasing the Notes for more than one account or with a view toward distributing or reselling the Notes. The Notes will be dated September 20, 2000; will mature on September 20, 2001 without option of call or prior redemption or prepayment; and will bear interest at a rate not to exceed 7% per year (computed on the basis of a 360-day year consisting of twelve 30-day months) from their date payable at maturity. The original purchaser may request that, in the event the Village does not pay or make provision for the payment at maturity of the principal of and irnerest on the Notes, the principal amount of the Notes will bear interest at a rate not to exceed 10'/2% per year from the maturity date until the Village pays or makes provision to pay that principal amourn.