What action is the City Council required to take if the petition is certified?

After receiving the an authorized initiative petition certified by the City Secretary to be sufficient, the City Council shall pass the initiated ordinance without amendment within sixty days after the date of certification to the Council; submit the initiated ordinance without amendment to a vote of the qualified voters of the City at a regular or special election to be held on the next uniform election date which occurs not less than 60 days after the date of certification of the petition to the City Council; or submit to a vote of the qualified voters of the City at such election the initiated ordinance without amendment, and in the alternative an ordinance on the same subject proposed by the City Council.  

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1. Does the City Charter give citizens the power to petition for direct legislation?
2. What does the petition need to say?
3. What happens after the petition is filed?
4. What action is the City Council required to take if the petition is certified?