Council member Warren Branch presented the petition at the final meeting of the previous mayor and council on Oct. 23.
Since then, city officials have been verifying the more than 500 signatures listed on the petition.
State law requires that the petition must be signed by 30 percent of the number of registered voters who cast ballots in the last preceding general election.
The threshold for the process to move forward in Cordova was 172 valid signatures.
“We had 191, which means we did have the amount of signatures required for us to put this on the ballot,” Gilbert said.
No date has been scheduled for the vote.
Gilbert said the next election is not scheduled in the county until the summer of 2014.
Gilbert said that while that is too far away, the special called election will also need to be scheduled around several projects the city has coming to fruition in coming months, such as downtown demolition and construction of a new grocery store.
“Between now and the next meeting, I would recommend that we think of a date that’s going to be proper for us,” he said.