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Section 5. 03. Determination of Sufficiency. The <br /> committee shall file the completed petition in the office of the <br /> Clerk-Administrator. The required number of signers shall be at <br /> least fifteen percent for initiatie and referendum, and for <br /> recall , at least e <br /> v-five Percent of the total number of <br /> �Y�' 11� <br /> electors who cast their votes for president at the last <br /> presidential election. Immediately upon receipt of the petition, <br /> the Clerk-Administrator shall examine the petition as to is <br /> sufficiency and report to the Council within ten days. Upon <br /> receiving the report, the Council shall determine by resolution <br /> the sufficiency of the petition. <br /> Section 5.04. Disposition of Insufficient or Irregular <br /> Petition. If the Council determines that the petition is <br /> insufficient or irregular, the Clerk-Administrator shall deliver <br /> a copy of the petition, together with a written statement of its <br /> defects, to the sponsoring committee. The committee shall have <br /> thirty days in which to file additional signature papers and/or <br /> to correct the petition in all other particulars, except that, in <br /> the case of a petition for recall , the committee may not change <br /> the statement of the grounds on which the recall is sought. <br /> Within five days of receipt of the corrected petition, the <br /> Clerk-Administrator shall again report to the Council . If the <br /> Council finds that the petition is still insufficient or <br /> irregular, the Clerk-Administrator shall file the petition in <br /> his/her office and notify the sponsoring committee. The final <br /> finding that the petition is insufficient or irregular shall not <br /> prejudice the filing of a new petition for the same purpose, nor <br /> shall it prevent the Council from referring the subject matter of <br /> the petition to the voters at the next regular or special <br /> election. <br /> Section 5. 05. Initiative. Any ordinance or resolution <br /> may be proposed by a petition which shall state at the head of <br /> each page or attached thereto the exact test of the proposed <br /> ordinance or resolution. If the Council passes the proposed <br /> ordinance or resolution with amendments, and a majority of the <br /> sponsoring committee do not disapprove the amended form by a <br /> statement filed with the Clerk-Administrator within ten days of <br /> its passage by the Council , the ordinance or resolution need not <br /> be submitted to the voters. If the Council fails to enact the <br /> ordinance or resolution in a form acceptable to the majority of <br /> the sponsoring committee within sixty days after the final <br /> determination of sufficiency of the petition, the ordinance or <br /> resolution as originally proposed shall be placed on the ballot <br /> at the next election occurring in the city. If no election is to <br /> occur within 120 days after the filing of the petition, the <br /> Council shall call a special election on tie ordinance or <br /> resolution to be held within such period . If a majority . of those <br /> voting on the ordinance or resolution vote in its favor, it shall <br /> become effective thirty days after adoption unless the ordinance <br /> or resolution specifies a later effective date. <br /> Section 5. 06. Initiative to Amend the Charter. Nothing <br /> in this chapter shall be construed as in any way affecting the <br /> right of the electors to propose amendments to this charter. <br /> -8- <br />