Subject to Council approval, the Mayor shall make all appointments to the Board which shall be accomplished as follows:
1. Initial Members. At the next regular City Council session following final passage and publication of Ordinance No. 958, codified by this chapter, the Mayor, with the approval of the Council, shall appoint the nine members of the Board to the remainder of their present, existing terms as now remain on their respective boards.
2. Future Appointments. Future appointments to the Board shall be for overlapping five-year terms.
3. Composition of Future Board. As the individual terms of the initial Board Members expire or a seat on the Board becomes vacant, the City Council may by resolution, but only after a recommendation of the Board, reduce the total number of Board Members until a permanent membership of seven is attained.
4. Vacancies. Vacancies on the Board, provided the seat is not eliminated pursuant to Subsection 24A.04(3) above, shall be filled in the same manner as set forth in this section.
5. No Compensation. All Board Members shall serve without compensation, but may be reimbursed for their actual, necessary and reasonable out-of-pocket expenses incurred in the performance of their duties.