TRENT RADIO MINUTES                                     7 February 1997

        MINUTES OF A MEETING OF THE BOARD OF DIRECTORS OF TRENT RADIO,
        held at the Senior Common Room, Peter Robinson College, Trent
        University, Peterborough Ontario, on 7 February 97.

P R E S E N T:
        Andrew Fogarasi, Dean Girard, Lisa Howard, John Muir, Danielle
        Tassie, Emily Watkins.

R E G R E T S:
        Barb Bell, Franca Cioffi

Also present; John Muir (GM)

The meeting was called to order at 2:10 p.m. with Andrew Fogarasi acting
as Chair and Lisa Howard acting as Secretary.

With all the directors being notified of the time and place of the
meeting, and with a quorum present, the meeting was declared duly
constituted. An agenda was agreed upon and discussion followed.

Minutes
Minutes of the January 10/97 meeting were unavailable.

Business Arising:
John Lewars has paid his membership fee. Dean Girard is working on a
sponsorship guide. Franca Cioffi is not yet on the Trent Communications
distribution list.  John is to do a confirmation of numbers (i.e.
confirm the numbers of students) with Trent. The purpose of this is to
make sure that T.R. is receiving the exact amount owing to it in terms
of memberships. Barb Woolner has arranged for the creation of a new
girl-guide radio badge.

Programme Director's Report
(respectfully submitted by Andrew Fogarasi)
Bryan Oliver is still working on the computer for the on-air studio.
There will be special programming for Black History Month and Wellness
Week and International Women's Day. Dean has agreed to give thanks to
Power Broadcasting in Trout Rodeo which should come out on 25 Feb 97.

UPON A MOTION duly made, seconded and carried the Programme Director's
report was accepted.

Manager's Report:
John Muir gave a report of his activities as Manager of Trent Radio. He
has been working with Promethean in preparation for the frequency change
and power boost. It was noted that Promethean offered to put alligator
clips in John Muir's nose. The E.T.A. for testing by Industry Canada is
March 15/97. The change in frequency and new on-air date is dependent on
their report. It was noted that Promethean was a month late with some of
their work.

Committees:

Fundraising & Special Events
Barb Bell's report was given by John Muir. She proposes to sell tickets
for a bus trip to Casino Rama as a fundraising activity. The money would
be raised by selling tickets for three buses to the casino. The Board
expressed confidence in Barb Bell's ability to organise such an event.

UPON A MOTION duly made seconded and carried Ms. Bell's proposal to
organise transportation to Casino Rama (in Orillia) on Saturday April
12/97 as a fundraising event was accepted.

Barb Bell also sends notice of another possible fundraiser sometime in May.

Propaganda & Publications
Dean Girard has received seven articles for Trout Rodeo.  He is working
with Tony Tarle in an effort to make it more 'user friendly'. Tony is an
expert in layout.

Radio Reconnaissance & Outreach
Danielle Tassie has agreed to distribute the new Trout Rodeo to some of
the areas that may potentially be able to receive our new signal (in
preparation for the frequency and power changes).

Lisa Howard has agreed to write an article for the Arthur about the
frequency change. She agreed to a tentative deadline of March 1st.

Trent Radio's Bank Loan
Trent Radio is in the process of negotiating an agreement for a demand
loan of 20,000 dollars with the Bank of Montreal. The agreement will
allow for an annual revue of our books by the Bank of Montreal, and
affirms that they are second in line after our mortgage (in the event of
a default). They will also require receipts for the first 15,000
dollars. It is the intention of Trent Radio to pay this down out of
fundraising and advertising revenue.

It was noted that at the Board meeting held on 16 April 96, the following
resolution was passed;

     Upon a motion made seconded and carried, be it resolved; to
     negotiate a twenty thousand dollar demand loan with the Bank
     of Montreal (hereinafter called the bank), repayable over a
     five year period at a rate of prime of 2 %, that there be
     blended payments of interest and principle. The Board of
     Directors of Trent Radio will give the bank a general
     agreement to sell or mortgage the house at 715 George Street
     in the event of default. Loan repayments are to be made from
     Fundraising and advertising revenues i.e. Two thousand five
     hundred to be raised from Fundraising and advertising revenues
     i.e. Two thousand five hundred to be raised from Fundraising,
     two thousand five hundred from ad revenue.


This was passed prior to final negotiations with the Bank. The
final agreement with the Bank is contained in the resolution below.
It was recommended that this resolution passed by the Board on
16 April 96 be rescinded and replaced by the following;

UPON A MOTION duly made, seconded and carried Trent Radio accepted
a demand loan from the Bank of $20,000 pursuant to Trent Radio's
application to the C.R.T.C., approved 20 January, 1997.

UPON A MOTION duly made, seconded and carried the Board
resolution of 16 April 96 pertaining to the matter of the demand
loan is rescinded.

UPON A MOTION duly made, seconded and carried Trent Radio
agrees to the following terms and conditions for the purpose of
providing capital and operating funds related to Trent Radio's
provision of a radio service to Peterborough and the surrounding
area.

  The Terms and Conditions:

  $20,000  Demand Loan Non-Revolving - to assist with the upgrading,
  with invoices to be supplied to support all costs.

  Repayment terms - Re-payable in calculated blended monthly
  instalments over 60 months. Payments shall be reviewed annually to
  ensure full repayment within five years.

  Interest Rate - Bank of Montreal Canadian Dollar Commercial Prime
  rate plus 2.5%.

  Application Fee- $200 (Inclusive of Out of Pocket Expenses). All
  other annual administration fees have been waived.

  Security and Documentation - Trent Radio shall give the Bank of
  Montreal a General Security Agreement over its assets. Also Trent
  Radio accedes to a Letter Of Undertaking.

  a) agreeing not to sell and/or encumber property owned without the
  prior knowledge and consent of the Bank;

  b) agreeing to raise mortgage funds over the property to a
  sufficient amount to liquidate Bank indebtedness in full and/or
  give to the Bank collateral mortgage security over Trent Radio's
  property if so requested by the Bank.

  Also Trent Radio agrees to provide the Bank with a certified copy
  of Trent Radio's Board of Directors resolution authorising these
  borrowing and agreeing to the terms and conditions as set out in
  the Bank's letter prepared by E. Eileen Grady, dated 23 April 1996.

  And Trent Radio shall furnish a copy of the notice of approval from
  the C.R.T.C.


It was noted at this time that the Bank of Montreal Canadian Dollar
Commercial Prime rate was 4.75 % on 6 February 1997. Trent Radio will
draw the loan in two instalments ($15,000 & 5,000) to match the
requirement for operating funds previously spent on the capital freq and
power project. Invoices are to be filed within 60 days of the second
draw.


Any Other Business

Trent Radio is having T-Shirts printed up with a fish and 92.7 F.M.
printed on them. The fish is a recurring Trent (Trout) Radio theme. C.
Fish. Fish. Fish. etc. The shirts are from an original design by Nicole
Bauberger. They will be sold for 5 dollars to operators and 13-15
dollars to other customers.

John Muir is to be laid off next month.

Barbara Woolner arrives.

The next Board meeting will be held in the Senior Common Room at
Peter Robinson College on March 7, at 2 p.m.

There being no further business the meeting was adjourned at 3:10 p.m.

   ___________________________      __________________________
    Andrew Fogarasi, Chair           H Lisa Howard, Secretary