DOWNTOWN STUDENT FACILITY TRUST                             13 November 2003 

      MINUTES OF THE TWELFTH MEETING OF DOWNTOWN STUDENT TRUST held on 
      13 November 2003 at 5pm at Catharine Parr Traill College Junior 
      Common Room, Trent U, Peterborough, Ontario. 

P R E S E N T: Marisa Barnhart, Catherine Dickinson, John K Muir, 
               Dwayne Collins, Fraser Smith. and 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 previous meetings held on 07 Oct 03, 20 Oct 03, and 
04 Nov 03 were presented. 

UPON A MOTION duly made seconded and carried unanimously the Minutes of 
the Trust meetings held on 07 Oct 03, 20 Oct 03, and 04 Nov 03 were 
approved. 

Financing Updates 

First mortgage financing: 
In regards to financing the purchase of property, It was reported that; 

a) the chartered banks may need extensive guarantees, and may be only 
able to offer a maximum mortgage amortisation of fifteen years. 

b) Kawartha Credit Union is interested, and could offer a twenty year 
amortisation, 65% financing at current interest rates (6.0-6.5%).  They 
have been sent the executed offer of purchase and sale, and the trust 
agreement.  A meeting is expected early next week. 

c) the potential of securing a private mortgage is being pursued. 

Down payment financing: 
A chart indicating the amounts of individual Founder's Loans pledged to 
date as well as contacts made with other prospective lenders was presented.  

A draft letter to be sent to Peter Robinson and other alumni was presented. 
Discussion followed and included the possibility of letters to be sent 
to student leaders (TCSA/PRC & Other College Cabinets), and approaches 
to faculty, retired faculty and others. 

Discussion followed in regards to making a presentation to the TrentU 
Board of Governors, which would seek support, co-operation and goodwill. 

Publicity & Annual General Meeting 

Discussion followed regarding the nature of the upcoming general 
meeting, set for 20 January 2004. 

Discussion followed regarding student print media, and the purchase of 
announcement space for the upcoming general meeting. 

Discussion followed in regards to Trustee recruitment in the context of 
filling the current vacancy. 

It was agreed that Matt Naylor and Catherine Dickinson will represent the 
Trust to college cabinet leadership. 

The financial statements were presented. 

UPON A MOTION duly made seconded and carried unanimously the financial 
statements ending 31 Oct 2003 were presented, as prepared by the 
Bookkeeper were accepted. 

Discussion followed regarding the appointment of honorary and founding 
members, and the appointment of honorary founding co-chairs. 

UPON A MOTION duly made seconded and carried unanimously the title of 
Founding Chairs shall be conferred upon Tom Symons and Richard Sadleir, 
subject to their respective consent. 

Discussion followed regarding the name of the corporation to be 
incorporated. 

UPON A MOTION duly made seconded and carried unanimously the name that 
will be searched for the corporation to be incorporated shall be, PETER 
ROBINSON CAMPUS. 

Other matters: 
It was agreed that the role of the Steward is to be formalised in a 
written contract. 

It was reported that the application of severance was delayed and was 
awaiting the payment of outstanding taxes. 

It was reported that Matt Naylor will make updates and revisions to the 
Trust's website. 

The Trust will meet again on 25 November 2003. 

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

  ____________________________       ______________________ 
   Catherine Dickinson, Chair         JK Muir, Secretary 
  

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