Answers:
If you feel you can again make a positive contribution, then yes by all means.
I was in a similar situation in college. I was a member of the Fisheries Society for all four years. My 3rd year I was elected to an officer's position and then they had elections again for my 4th year and I was nominated. I didn't run in order to give someone else a chance. No one thought that was nice of me, I got no respect and then I couldn't put that second year of service on my resume. I say screw them and run! If you're putting in the effort and doing a good job, why stop? As I've found out, nice guys do finish last.
As long as there aren't any rules saying you can only serve 1 term then go ahead and run again. You have something that others won't have: experience.
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