The Auditor shall verify the sufficiency of the signatures on the filed petitions and transmit the petitions together with a report thereon to the Board of County Commissioners at a regular meeting not more than twenty (20) days after the filing of signed petitions in accordance with the procedures of CCC 37.01.100. If the Auditor has determined that sufficient signatures have been filed to validate the petitions, such transmission shall constitute the introduction of the proposed ordinance by the Commissioners. The filed petitions shall remain on file with the Commissioners and shall be a public record.