This Amended and Restated Memorandum of Understanding (“Amended MOU”) Regarding Composition, Terms of Appointment, Vacancies, and Chairmanship of the Joint Management Advisory Board (JMAB) for the North Port Performing Arts Center, is made and entered into by and between the City of North Port, Florida, a municipal corporation of the State of Florida (“City”), and the School Board of Sarasota County, Florida, a body corporate under the laws of the State of Florida (“School Board”), together the “Parties.”