You agree that "the mayor's involvement with territorial appears to be questionable, especially the relatively large compensation but don't believe that the relationship has an ulterior motive. " and then you mention the time involved with Territorial.

Just a correction, its not 104 hours/year, its around 24 hours/year as its 2 hours PER MONTH (not per week)......making a minimum of $8,333/hour.   If that FACT doesn't change your perception, me thinks nothing will.