With the exception of an ordinance dealing with the subjects set forth in section 11050(b) (relating to time ordinances go into effect), an ordinance shall be suspended from going into operation and shall be reconsidered by council if all of the following occur:
(1) A petition is presented to council:
(i) within 10 days after the ordinance's final enactment;
(ii) in accordance with this subchapter; and
(iii) which protests against enactment of the ordinance.
(2) The petition must be signed by electors as required in section 11033(a)(2) (relating to number of signatures, examination and certificate by city clerk).