P.R. COMMUNITY AND STUDENT ASSOCIATION                       26 February 2004

      MINUTES OF THE FIRST MEETING OF P.R. COMMUNITY AND STUDENT ASSOCIATION
      (SADLEIR HOUSE FACILITY) o/a PRCSA held in the morning of
      26 February 2004 at the TCSA Office, Symons Campus of Trent University,
      Peterborough, Ontario.

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

Also Present: Derrick McIntosh, Steward; and Mike Izzo.

The Meeting was called to order with Catherine Dickinson acting as Chair and
John Muir acting as Secretary.  All members of the Board being present in
person, the Meeting was declared duly constituted, and discussion followed.

The Board reviewed the PRCSA Articles of Incorporation and By-law #1. It was
noted that, PRCSA was incorporated on 19 February 2004 with the Ontario
Corporation Number 1607860.

UPON A MOTION duly made, seconded and carried unanimously, the proposed
PRCSA By-law #1 was approved as presented.

UPON A MOTION duly made, seconded and carried unanimously, Catherine Dickson
was appointed President and Chair; Fraser Smith was appointed Vice-chair;
Derrick McIntosh was appointed Steward and Vice-president; John K Muir was
appointed Secretary/Treasurer; Susan Newman was appointed Bookkeeper, and
Kenneth Brown, CA was appointed Auditor.

It was noted that Mike Izzo would act in the capacity of Convenor until
04 April 2004.

UPON A MOTION duly made, seconded and carried unanimously, the PRCSA accepts
the transfer to the PRCSA of all responsibilities. rights, liabilities,
assets, obligations & authorities held by the Downtown Student Facility
Trust.

Discussion followed regarding meeting times, and it was decided that the
Board would meet on an ad hoc basis until, issues regarding Board Member
availability were resolved.

The Financial Statements of the Downtown Student Facility Trust for the period
ending 31 January 2004 were presented.

UPON A MOTION duly made, seconded and carried unanimously, the financial
statements of the Downtown Student Facility Trust for the period ending 31
January 2004 were accepted as presented.

The Steward presented a report covering insurance and other matters, and it
was agreed that Mr. McIntosh would negotiate insurance pursuant to the PRCSA
purchase of 751 George Street North.

Information was shared regarding details of the opening celebrations
scheduled for 03 April 2004, and an informal gathering scheduled for the
"closing date" of 27 February 2004, the following day.

There being no further business the Meeting of the Board was adjourned.

  _____________________________         _____________________________
   Catherine Dickinson, Chair            John K Muir, Secretary


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