A. A charter for a charter school district may be renewed for successive periods of five years each.
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;
(3) a resolution by the local school board requesting renewal of the charter; and
(4) any other information that the department deems appropriate.