A. Appointments And Qualifications: The finance commission shall consist of seven (7) voting commissioners. All commissioners shall serve without compensation. All commissioners shall be appointed by the village president with the advice and consent of the board of trustees.
B. Terms Generally: Except as provided in subsection C of this section, each appointment of a commissioner shall be for a term of three (3) years and until that commissioner's replacement has been appointed.
C. Terms Staggered: Two (2) of the five (5) commissioner appointments or reappointments due to be made in 2015 shall be for two (2) years instead of three (3), in order to ensure the terms of commission members are staggered. Each term thereafter shall be for three (3) years.
D. Vacancies: Any vacancy in the position of commissioner shall be filled for the remainder of the unexpired term in the same manner as an original appointment.
E. Chairperson And Vice Chairperson: The village president, with the advice and consent of the board of trustees, shall appoint one commissioner as chairperson and one commissioner as vice chairperson of the commission. The chairperson, or the vice chairperson in the absence of the chairperson, shall preside at all meetings and shall fulfill the customary functions of the position of chairperson. The chairperson and vice chairperson shall serve without compensation. The chairperson and vice chairperson shall serve in those positions until the expiration of their terms or until the village president has made new appointments to those positions, whichever is sooner. (Ord. O2013-07, 3-19-2013)