The Palestinians could have planned to go directly for condemnation of Israel because of construction in the occupied territories. After all, this is illegal according to international law. But they will go slow. If the Security Council demands ceasing construction, the US will probably vote 'Yes'. After all, this is what the US is advocating, and Obama will be in a mood of revenge against Netanyahu who offered counter-help in the US election campaign (ending to morrow). Step 2: After Israel continues construction, even on a small scale, the Palestinians will submit a resolution for condemnation. The earlier vote will make it easier for Obama not to veto it. The grand finale will be step 3: recognizing Palestine as a state within the 1967 borders. I doubt Obama will veto this in the face of Netanyahu's intransigence. Mind you, Labor would have left the coalition by then and perhaps Netanyahu would have fallen, so step 3 may not be necessary.
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Preliminary report: Shooting attack in East Jerusalem's Damascus Gate (Haaretz)
from the article: PA official: Arab states to attempt UN-forced settlement freeze