There is established an executive committee, which shall:
(1) Be part of the Mayor’s Council;
(2) Advise the Mayor’s Council;
(3) Be led by the chairperson designated pursuant to § 7-121(b)(2);
(4) Be comprised of not more than 10 members of the Mayor’s Council; provided, that at least 3 members are members appointed by the Council, pursuant to § 7-121(b)(3)(A)(i), and 3 members are members appointed by the Mayor, pursuant to § 7-121(b)(3)(A)(ii); and
(5) Meet no fewer than 4 times per year, and at least one time each quarter of the year.