A. A charter for a charter school district may be renewed for successive periods of five years each.

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B. Before it submits an application for renewal to the department, the local school board shall hold a public hearing to adopt a resolution approving the application for renewal.

C. A charter school district renewal application submitted to the department shall contain:

(1)     a report on the progress that the charter school district has made toward achieving the goals of its charter;

(2)     a petition in support of the charter school district renewing its charter school district status signed by not less than sixty-five percent of the employees in the charter school district;

and (3)     a resolution by the local school board requesting renewal of the charter;

(4)     any other information that the department deems appropriate.