(These are draft minutes of our meeting. We expect that the board will approve them at its next meeting.)

(Note that materials for this meeting supporting all items for consideration was sent to the board in advance of the meeting, on June 22.)

The NYCSBUS Board of Directors met on June 26 at 11 noon at NYC Public Schools's headquarters at 52 Chambers Street in New York City.

In attendance were Kevin Moran (chair) and Michael McClenathan. Heather Miller and PV Anantharam participated remotely. Member Lori Podvesker was unable to participate. NYCSUBS CEO Matt Berlin attended in person and CFO Ajmal Sheikh attended remotely.

The chair called the meeting to order at 11:00am.

The board reviewed the minutes from its December 10, 2025 and May 18, 2026 meeting. The chair noted that due to a staff error the board did not consider the minutes of the December 10 meeting at its May 18 meeting. Minutes of both meetings were posted in draft on the NYCSBUS website immediately after the meeting and sent to the board in their pre-meeting materials. The board unanimously approved the minutes.

The board then considered a lease for property in Jamaica, Queens and a sublease for a portion of this property. The board reviewed the business case and the lease abstracts for the transactions, both of which were provided prior to the meeting, and voted unanimously to approve the lease and sublease.

Finally, the board discussed a possible lease of property in the Bronx but decided to take no action and asked staff to generate additional options to address the company’s real estate needs in that borough.

The meeting was adjourned at 12:00pm.