The Council shall by ordinance establish a Restoration and Architectural Board of Review consisting of seven (7) members who shall be appointed by City Council and shall serve three-year terms. Members shall either be residents of the city or own a business within the district. Vacancies shall be filled by Council for the unexpired terms of the member whose place has become vacant. Membership of the Board should include, but not be limited to, building contractors, architects, owners of businesses within the district, residential property owners within the district, and persons demonstrating skills or interests which Council deems appropriate. No member shall serve more than four consecutive, either full or partial terms.