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Within (fives ecified 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, tier it shall it 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. Any ordinance may be proposed by a petition Which shall state a the head of each page or attached thereto . The exact text of the proposed ordinance must be stated at the head of each page of the petition. +f+The Council pass -s-must act upon the proposed ordinance within 60 calendar days after final determination of the petition's sufficiency under the provisions of Section 5.03 of this chapter. The Council may amend the proposed ordinance and must provide such amendments to the petition committee. A majority of the sponsoring committee do natof the petition may disapprove the amended form by filing a statementi+eei with the Clerk==Administrator within tr14 calendar days of its passage `- the the receipt of the amended ordinance. If the sponsoring committee does not file disapproval, the ordinance need is not required to be submitted to the voters. If the Got fanis sixty days after the final detarrnination of stifficieney of the patition, the ordina proposed for enactment. 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 regularly scheduled election is to occur within 120 days after the filing of t petition within 120 calendar days of the determination of sufficiency 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 on the ordinanee to be he'd h period. If a rriajority of those voting on the ordinance to take place within 90 calendar days of said meeting. If the ordinance receives a majority vote in its favor, it shall become effective tIirtg30 calendar days after adoption unless the ordinance specifies a later effective date. (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 eleetors-voters to propose amendments to this charter. Section 5.07. Referendum. Prior to the date when an ordinance takes effect, it may be subjected to a referendum by a petition which shall state at the head of each page, or attaehed thereto, the exact text of the measure to be considered by the eleetorate voters. If the petition is found to be sufficient under the provisions of Section 5.03 of this chapter, tht-said ordinance shall thereby be prevented from going Onto opera enactment, and the subject matter of the petition shall be placed on the ballot at the next election occurring in the City. If there is no regularly scheduled election ns to occur w0thin 120 days after the filing of t 0 petition within 120 calendar days of the determination of sufficiency or if the calendar date prohibits compliance with provisions in Chapter 4 of this Charter, upon declaration of sufficiency, the Council shall immediately call a special election to be held within stieh period, providing the petition has been found to be stiffienen take place within 90 calendar days of said meeting. If a majority of the voters voting thereon favors the ordinance contained in the petition, it shall remain in effect. If a majority of the eleetors voting votes against the ordinance contained in the petition, it shall be considered repealed upon certification of the election results. (Amended, Ord. 651, 8-16-2000)