(A)   In case a petition is filed requiring that a measure passed by the Council providing for an expenditure of money, a bond issue, or a public improvement be submitted to vote of the electors, all steps preliminary to such actual expenditure, actual issuance of bonds, or actual execution of a contract for such improvement, may be taken prior to the election.
   (B)   If, when submitted to a vote of the electors, an ordinance is not approved by a majority of those voting thereon, it shall be considered repealed as regards any further action thereunder; but such measure so repealed shall be deemed sufficient authority for payment, in accordance with the ordinance, of any expense incurred previous to the referendum vote thereon. (Amended 5-7-13)