My understanding in holding an Israeli Government referendum, after the terms and principles are established by both Israeli and Palestinian leaderships on the core issues for the peace agreement, is to find whether or not the majority of citizens support or endorse the terms. It is not really asking whether the citizens agree for a two-state peace agreement - that's clearly understood since being articulated formally in 2004 by the Israeli Government and reaffirmed by the current PM Netanyahu and his coalition. The premise being understood by those voting on the referendum is that the occupation of the West Bank and Gaza is basically shelved because Israel won't remain democratic, distinctly Jewish or a peace-loving nation. It is not the job of everyday Israeli citizens to do the proper administrative work of those elected to office to establish the terms and principles of the referendum on a peace agreement between Israel and Palestine.
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from the article: You say you want a referendum