(INITIATIVE) Shall the proposed ordinance entitled "An Initiative of the Loomis Town Citizens Enacting Term Limits" which provides: (1) five council members serve 4-year terms; (2) terms shall be staggered; (3) no member can serve more than two consecutive 4-year terms; (4) a member who has served two terms prior to August 1, 2010 must sit out eight years; and (5) current members can complete their terms, be adopted?