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Subd. 3. <br />member of the Financial Policies Task Force and shall provide the Task <br />Force with staff support. <br />Qualifications: To be qualified to serve on this Task Force a member be <br />able to demonstrate experience in accounting, finance, investments, or <br />compensation, through either a college degree or management level <br />work experience. Members may be residents, nonresident taxpayers, or <br />operate a business in Mounds View, however at least four members of <br />the Task Force shall be Mounds View residents. <br />Subd. 4. Compensation. All members of the Task Force shall serve without <br />compensation. <br />408.04 CONFLICT OF INTEREST <br />No member shall be personally interested in any contracts which the <br />Task Force may enter. <br />408.05 VACANCIES <br />Subd. 1. Termination of Appointment. Any Task Force member desiring to <br />terminate his/her appointment to the Task Force before the expiration of <br />his/her term shall give written notice to the Task Force Chairperson of <br />his/her intentions. The Mayor, with approval of a majority of the Council, <br />shall appoint a new member, from applications received, for the unfilled <br />portion of the term. <br />Subd. 2. <br />Removal from Office. Any member of the Task Force may be removed <br />from office for just cause and on written charges by a majority vote of <br />the City Council. An appointed member may also be removed by the <br />City Council for nonattendance at Task Force meetings if a member is <br />absent from five (5) regularly scheduled meetings per year or absent <br />from three (3) consecutive meetings, without the consent of the Task <br />Force. <br />408.06 ORGANIZATION; MEETINGS <br />Subd. 1. <br />Chairperson. At the first regular meeting of the year, the Task Force <br />shall appoint a chairperson from its voting members. This appointment <br />shall be subject to Council approval and shall consist of a one year <br />term. The position of chair shall rotate among members, with no <br />member serving in that capacity for more than two (2) consecutive <br />terms. The Task Force shall also elect a vice chair from among <br />appointed members for a term of one year. The Task Force may create <br />and fill such other offices from its members as it may determine to <br />transact Task Force business. <br />