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r « <br /> or irregular, the Clerk-Administrator must file the petition in <br /> his/her office and notify the sponsoring committee. The final <br /> finding that the petition is insufficient or irregular does not <br /> prejudice the filing of a new petition for the same purpose nor <br /> does it prevent the Council from referring the ordinance to the <br /> voters at the next regular or special election at its option. <br /> Section 5 . 05 Initiative. Any ordinance may be proposed by <br /> a petition. The exact text of the proposed ordinance shall be <br /> stated at the head of the petition. The Council shall act upon the <br /> proposed ordinance within 60 days after the final determination of <br /> the petition's sufficiency. The Council may amend the proposed <br /> ordinance. A majority of the sponsoring committee of the petition <br /> may disapprove the amended form by filing a statement with the <br /> Clerk-Administrator within ten working days of Council adoption of <br /> the petitioned ordinance. If the sponsoring committee does not <br /> file disapproval, the ordinance is not required to be submitted to <br /> the voters . If the majority of the sponsoring committee files <br /> disapproval, the proposed ordinance, as stated on the petition, <br /> must be placed on the ballot at the next election occurring in the <br /> City. The Council must call a special election if there is not a <br /> scheduled election within 120 days after the petition is filed. An <br /> initiative is successful if a majority voting on the proposed <br /> ordinance, vote to adopt it. The ordinance becomes effective <br /> thirty days after adoption unless the ordinance specifies a later <br /> date. <br /> (94-2) 16 <br />