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DOWNTOWN STUDENT FACILITY TRUST                               04 November 2003

      MINUTES OF THE ELEVETH MEETING OF DOWNTOWN STUDENT TRUST held on
      04 November 2003 at 5pm at Morton Reading Room, Champlain College
      Nassau Campus, Trent U, Peterborough, Ontario.

P R E S E N T: Marisa Barnhart, Catherine Dickinson, John K Muir,
               & Fraser Smith.

REGRETS: Dwayne Collins & Matt Naylor

Also Present: Derrick McIntosh

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.

The Chair made some opening remarks and discussion followed.

The minutes of the previous meeting and 07 Oct 03 will be presented at a
future Meeting.

A report was made concerning due diligence.

Discussion followed

It was noted that a small amount of a substance that may be asbestos shall
have to be dealt with as part of future repairs and renovations.

UPON A MOTION duly made seconded and carried unanimously, the Trust removes
the building inspection condition element of its offer to purchase.

A total of $38,500 - $47,500 in pledges have been received while still
awaiting some responses.

UPON A MOTION duly made seconded and carried unanimously, a larger number of
contributors, each contributing a smaller amount will be sought.

It was noted at this time that contribution would be sought from Trent and
Peter Robinson alumni.

It was reported that the TrentU Alumni Office was very supportive, (Tony
Storey & Maureen Hughes), although extending TrentU charitable status to
project may not be forthcoming.

It was agreed to broaden publicity regarding the loan drive.

A recapitulation of an email sent to Trustees regarding severance and
rezoning meetings was presented.

It was noted that the severance application has been submitted and is in
process.

It was noted that Matt Naylor will be asked to update the DSFT website, and
that, letter in the advertising space of the Arthur is planned.

It was noted that Chair and the Steward had received a letter of resignation
from Chris Mather citing other time commitments being a problem.  It was also
noted that Mr. Mather has made a significant contribution to the Trust even
prior to its inception.

UPON A MOTION duly made seconded and carried unanimously, the resignation of
Chris Mather as a Trustee is accepted with regret.

It was noted that the Trust will actively recruit to fill this vacancy from
the faculty or the student body.

It was decided to defer naming the corporation to be incorporated until the
next Meeting.

There being no other business the meeting was adjourned at 6:30pm.

  ____________________________       ______________________
   Catherine Dickinson, Chair         JK Muir, Secretary