The initiative does not require council approval to be put on the ballot. City Atty. Philip Kohn has two weeks to prepare a ballot title and a 500-word summary.
Once titled and summarized, signature gathering would begin. Signatures of 1,800 registered voters are required to put an initiative on the ballot for a regular election; 2,700 are required for a special election, which costs more.
"The committee plans to raise funds for a special election," said Planning Commissioner Norm Grossman, one of the three Laguna Greenbelt Inc. board members on the committee.
A vote of two-thirds plus one must approve the initiative for the measure to pass.
An estimated 550 acres are at stake.
"There is no other funding available for acquisitions," Grossman said. "We were encouraged to move ahead by the results of a poll taken last year to gauge the interest of residents in the concept of inner-city acquisitions. The acquisitions would be approved by the council."
The poll was conducted before the December floods, but during the depths of the recession, said Paul Freeman, initiative consultant and former councilman.
"When the group first approached me a year ago, I asked if this was the right time," Freeman said. "The answer is yes."
Grossman said the favorable poll response was an even higher percentage than the response to the 1990 poll when voters approved by almost 80% the bond to buy Irvine Co. land in Laguna Canyon.
"We asked a question then about just buying visible open space and the answer was, 'No, buy it all,' "Grossman said. "The response today was similar. People won't give a blank check, but there was overwhelming support for the simple idea of preserving open space in the city."