Measure Z - Business License Tax

Shall the Measure, to primarily ensure newly constructed property sales contribute to maintaining city services and infrastructure, establish a real property transfer tax that will 1. not apply to existing homes that sell for less than $2 million, 2. not apply to immediate-family transfers but apply to other property sales at rates of: 1. $2,000,000 or less: 0.004 2. Over $2,000,000 - $10,000,000: 0.006 3. In excess of $10,000,000: 0.008 providing approximately $230,000 annually, with citizen oversight, until ended by voters, be adopted?