(a)   The Board of Review shall consist of three (3) residents who are electors of the city, but not city officers or employees.  The assessor is to be the clerk of the Board of Review and nonvoting.  The board shall be entitled to such remuneration as shall be determined by the council.
   (b)   The first such board of review appointed under the provisions of this charter shall be made up of three (3) qualified members appointed for one (1), two (2) and three (3) year terms.  The council shall appoint a member for a three (3) year term at the first regular council meeting in January of each succeeding year.