The Planning Commission shall consist of five members. One shall be a member of Council, who shall be selected by Council and shall serve until the expiration of the term of Council during which he or she is selected. The other four members shall be appointed by the Mayor with the approval of Council, and at least three of these four must be electors of the Village. One member of the Planning Commission may be a non-resident who is the owner, operator or official in a business located within the Village. The appointed members of the Planning Commission shall serve four (4) year staggered terms commencing January 1 in even numbered calendar years. Vacancies shall be filled in the manner in which the original appointments were made, to serve for the unexpired term.