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• committee and to the City Council. The committee shall have 30 calendar days in which to file additional signature papers and/or to correct the specified irregularity. Within five working days of receipt of the corrected petition, the Clerk-Administrator shall determine the sufficiency of the petition as corrected and proceed as directed in Section 5.03. If the petition is still insufficient or irregular, this shall be considered the Final Finding and the Clerk-Administrator shall file the petition as noted and immediately notify the sponsoring committee that no further action will be taken. The final finding that the petition is insufficient or irregular shall not prejudice the filing of a new petition for the same purpose. Except in the case of a petition for recall, it shall not prevent the Council from referring the subject matter of the petition to the voters at the next regular or special election.— Section 5.05. Initiative. An ordinance may be proposed by petition. The exact text of the proposed ordinance must be stated at the head of each page of the petition or attached thereto. Within 60 calendar days after final determination of the petition's sufficiency under the provisions of Section 5.03 of this charter, the Council may either hold a first reading of the ordinance, as defined in Section 3.05 of this charter and proceed with the adoption process, or propose an- ••- •: •- - - - - - - :.• - • -- - - amendment to the petitioned ordinance. If an amendment is proposed by a majority vote of the Council and presented to the petition committee, the petition committee has. Within 14 calendar days fromof the receipt of the amended proposed ordinance to, the petition committee may, by majority vote, disapprove the amendment • by majority vote, and file a statement with the Clerk-Administrator. Upon filing a statement of disapproval, the proposed ordinance, as stated on the original petition, must be placed on the ballot at the next election occurring in the City. If there is no proposed amendment, or should the petition committee agree to the amendment, the ordinance shall be scheduled for a public hearing pursuant to MN Statute 410.12. If the ordinance receives a majority vote of the Council in its favor, it shall become effective 30 calendar days after adoption unless the ordinance specifies a later effective date. If the amendment is required to be put on a ballot and there is no regularly scheduled election within 120 calendar days of the statement of disapproval, or if the calendar date prohibits compliance with provisions in Chapter 4 of this Charter, at or before its next regularly scheduled meeting, the Council shall call a special election to take place within 90 calendar days of said meeting. If a majority of those voting on the ordinance vote in its favor, it shall become effective thirty days after certification of the election results adoption--unless the ordinance specifies a later effective date. If the majority do not vote in favor, the ordinance shall not be enacted. If the petition committee does not file a disapproval statement to a proposed amendment, the Council shall hold a first reading of the amended proposed ordinance and proceed with the adoption process. If the Council does not approve the ordinance, it must follow the aforementioned balloting process. If the ordinance receives a majority - - _ *•• - • -- .-_. - - - - • - •. - e - -. (Amended, Ord. 650, 8-16-2000) • Section 5.06. Initiative to Amend the Charter. Nothing in this chapter shall be construed as in any way affecting the right of the voters to propose amendments to this charter.