DOWNTOWN STUDENT FACILITY TRUST                                  09 July 2003

      MINUTES OF THE EIGHT MEETING OF DOWNTOWN STUDENT TRUST held
      on 09 July 2003 at 5pm at Peter Robinson College, at
      Seminar Room #1, Trent U, Peterborough, Ontario.

P R E S E N T: Marisa Barnhart. Dwayne Collins, Catherine Dickinson,
               Chris Mather, John K Muir, Matthew Naylor & Fraser Smith

Also Present: Richard Taylor & Scott Douglas

Notice of this Meeting having been made to all the Trustees, and quorum of
the Trustees being present in person, the Meeting was declared duly
constituted and called to order at 5:05 p.m., with Catherine Dickinson
acting as Chair and John Muir acting as Secretary.

Chair's Opening Comments:
The Chair welcomed the those gathered at the Meeting.  An agenda was agreed
upon and discussion followed.

The minutes of the previous Trustees' Meeting were presented.

UPON A MOTION duly made seconded and carried unanimously the Minutes of the
Trust held on 10 June 2003 were approved.

Offer Update:
It was reported that;

a) In accord with motions passed at the last Meeting a revised offer was
prepared, reviewed and submitted by Scott Douglas & Richard Taylor;

b) Dan Peer had indicated that he was set to withdraw from his agreement of
purchase for Sadlier House (751 George Street North), with mutual releases
to be executed in the next few days.  It was noted that Mr. Peer is pursuing
the purchase of North House (755 George St North), conditional upon securing
a proposed severance;

c) It is expected that the Trust's offer of purchase will be signed back
with few alterations although there has been an epression of concern
regarding payment of GST.

TrentU Update:
Although several email or phone message have been sent, Dwayne Collins is
still trying to setup a followup meeting with TrentU officials after a first
meeting held on 08 May 2003, pursuant to securing a letter of comfort for
financing purposes.  It was noted that this second meeting was to have been
held two weeks after the 08 May 2003 date.

UPON A MOTION duly made, seconded and carried unanimously, it was resolved
that finance conditions relating to the Trust's offer of purchase be
extended up to ninety days with a corresponding delay for the closing date.

In an associated matter the Dwyane Collins as TCSA is pursuing a university
wide "Levy Collection Agreement" with TrentU for all Trent Student
organisations who receive levy monies through the TCSA Levy Referendum
process.  It was noted that John Muir will send Dwayne information relating
to a "Levy Reporting Policy", which currently can be found at;

http://www.trentu.ca/trentradio/tcsa/levy_reporting_template030129.htm
http://www.trentu.ca/trentradio/tcsa/levyprop2001_01.txt
http://www.trentu.ca/trentradio/tcsa/levyprop2001_02.txt
http://www.trentu.ca/trentradio/tcsa/010527_levy_group_mtg_notes.txt

It was noted at this time that at a meeting of the TrentU BoG, the current
president of TrentU stated that if student wanted to have student space,
that they were going to have to pay for it.

It was noted that John Muir will work with Richard Taylor on preparing an
operating  by-law for the consideration of the Trustees.

At this time both Scott Douglas and Richard Taylor left the meeting, but not
before being heartily thanked by the Trustees for their work.

It was noted that John Muir will ask Cynthia Armour to join him, along with
Chris Mather, & Catherine Dickinson for an exploratory meeting on 16 July 03,
at 7:30pm

The date for an general information meeting was set for later in the
Fall 2003 term.

The date for the first annual general meeting of the corporation to be
incorporated was set for Tues, 20 Jan 2004.

It was noted that the following Trustees have been assigned the following
tasks;

Fraser Smith - Alumni contact
Catherine Dickinson - Alumni contact
Marisa Barnhart - Publicity & Advertising
Matt Naylor - Publicity for the Student Guide to Ptbo
Chris Mather - A plan to approach Ptbo and area business
John Muir - Organise a meeting re: fundraising and publicity
            Develop a facility manager job description
            Develop by-laws for the Trust
Dwayne Collins - Set up meeting with TrentU officials
                 as TCSA President, develop a levy collection policy.

It was decided that the Trustess should meet in one week, on 16 July 2003
at 5pm in the same location.

There being no further business the meeting was adjourned.

  ____________________________       ______________________
   Catherine Dickinson, Chair         JK Muir, Secretary