There is created a planning commission to be composed of five members and two alternates, appointed by the mayor with the advice and consent of the city council from among qualified electors of the city in a manner providing balanced geographic, professional, neighborhood and community interest representation. Members of the planning commission to include alternates may, within budgetary constraints, be paid a stipend of twenty dollars for each meeting attended, payment to be made quarterly. (Ord. 12-11-2001C § 2 (part))