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When a referendum petition is filed with the Town Clerk, the ordinance sought to be reconsidered shall be suspended from taking effect. Such suspension shall terminate upon the occurrence of any of the following events: (1) a determination of insufficiency of the petition; (2) a withdrawal of the petition by the petitioner’s committee; (3) repeal of the ordinance by the Town Council; or (4) upon certification of a favorable vote on the ordinance. (Amended January 17, 2019)