This story was updated on Sept. 16, 2020.
A former Austin wealth manager struck a deal on Tuesday with California prosecutors that will allow him to avoid felony convictions and jail time on sexual assault charges filed after a 2019 luxury golf trip in California with "two high-profile friends."
David Walter Osborne, accused of attacking a woman last year at The Lodge at Pebble Beach, pleaded "no contest" to misdemeanor charges in exchange for a deal that included lifetime registration as a sex offender, five years probation, and a 364-day sentence he can serve in his Travis County home, according to the plea agreement described in a California court.
If he violates probation, he could be sentenced to up to two years in prison.
His sentence was formalized at a Sept. 15 sentencing hearing. He begins his sentence on Oct. 9.
Osborne pleaded "no contest" to the misdemeanor charges of sexual battery/unlawful restraint and false imprisonment.
Three felony charges—attempted forcible rape, assault with attempt to commit a felony, and sexual penetration by a foreign object—will be dropped at the formal sentencing before Monterey County Superior Court Judge Rafael Vazquez.
The plea deal means that neither of Osborne's golfing buddies, who flew with him on a private plane to Pebble Beach Resorts before the alleged attack, nor anyone else, including Osborne, will have to testify on the details of the allegations in open court.
The friends have never been identified by Monterey County authorities, who said they all shared rooms at the lodge during the trips, in a news release last year.
Osborne originally pleaded not guilty to all the charges.
He was in court on Tuesday but did not make a statement beyond answering "yes" and "no" to procedural questions by the judge. Defense attorney Lyn Agre of San Francisco did not make any arguments in court nor did she respond to requests for comment.
The victim will be allowed to give a remote video impact statement during the sentencing, prosecutors said.
Monterey County Assistant District Attorney Lana Nassoura said in court Tuesday that the victim, who does not live in California, had been monitoring the case both through the prosecutors' office and through remote access to hearings, and had agreed to the terms of the plea agreement.
She declined to discuss the case further after the hearing but implied during court that the victim was ready to testify against him if the case moved forward.
Nassoura also said the sentence "holds the defendant accountable for his actions" and "most importantly, guarantees solace to Jane Doe."
The terms of the deal also include the following:
- Osborne may not appeal the ruling;
- he may not own a firearm;
- he must attend sex-offender psychological treatment twice a month for a year;
- he waives client-doctor confidentiality at those treatment sessions;
- he must adhere to a restraining order and not contact the victim for ten years;
- he is subject to drug and alcohol testing and spontaneous search of his home, person or vehicle for five years;
- and he cannot use alcohol or a controlled substance for five years.
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So you want to buy a house?
To anyone trying to get on the "housing ladder," it's been a discouraging couple of years as prices skyrocketed in a market crowded with buyers bidding against each other for just about any available home.
Things may be calming down, with the Austin Board of REALTORS reporting fewer sales and more available homes this summer.
Mortgage rates have more than doubled in the last year, from around 3% to well over 6% on a 30-year fixed rate loan, getting even more of a bump this week after the Federal Reserve raised bank rates on Wednesday.
So how affordable are homes right now? That, of course, depends on what you want and how much you're able or willing to pay, but here are some rough estimates of what a typical buyer would pay to buy a $650,000 home, which would be considered "mid-price" in today's market.
Mortgage banker Chris Holland (NMLS 211033) of Austin's Sente Mortgage ran some numbers for Austonia to illustrate a typical purchase.
Holland says that while the 30-year fixed rate mortgage is often mentioned in the media, the most popular loan that he's seeing now is a 7/1 adjustable rate mortgage, which has a fixed rate for 7 years and then adjusts every year based on market rates, with a limit on how much it can increase each year. The interest is amortized over a 30-year period. Adjustable Rate Mortgages (ARMs) offer lower rates than fixed rate loans.
Here are the numbers, which are examples. In practice, exact numbers vary with a buyer's credit rating and overall financial situation, and with the rate, which can move up or down at any time.
- $650,000 home purchase price
- 7/1 ARM at 5.875%
- 5% down payment, equals $32,500
- 95% financed, equals $617,500
- $4,990 payment, including principle and interest (P&I), insurance, and property tax
- Typically, a borrower's debt to income ratio needs to be at or below 45%. So for this mortgage, a borrower, or borrowers, would need income of roughly $11,100/month, or $133,200/year. That number could be higher, depending on the buyer's outstanding credit balances on things like credit cards and car loans.
Holland says he's had a lot of clients approved for loans who were house hunting but have put that on hold, hoping prices come down.
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Fall promises to be a one-of-a-kind camping experience. From Sept. 16 to Nov. 24, weekends will be packed with fall-themed activities, including special Halloween weekends in October. Campers can enjoy activities like fall crafts, campground trick-or-treating, costume contests, site decorating, outdoor movie nights, and more!
Packages and Ways to Stay
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Located just 5 miles from McLane Stadium, Camp Fimfo Waco is the perfect place to stay during home game weekends. Skip the stuffy hotel room and embrace the great outdoors before cheering on the Baylor Bears! Campers can purchase a Baylor Tailgating Package that includes a pre-game meal from Executive Chef Sean Kelley and transportation to and from the game! Chef Kelley will also be cooking up delicious, elevated tailgating meals near the stadium so make sure to check out The Plaid Plate food truck before the game.
Stay in style and comfort, no matter your camping preference! At Camp Fimfo Waco, there are multiple ways to stay. Red Carpet RV sites come with a concrete pad and patio, full hook-ups, cable hook-up, a charcoal grill, fire ring and fire pit. Back-in or pull-thru options are available, as well as coveted spots tucked along the Bosque River!
Don’t have an RV? Not a problem, Camp Fimfo Waco has cabins too! Book a Riverview Firewheel Cabin if you’re looking for an air-conditioned oasis for the whole family. Complete with a kitchen and private bathroom, this cabin can fit up to 10 people. Elevate your stay by adding on a golf cart or snag a private cabana by the pool for guaranteed shade. With wifi available throughout the park, you can stay connected during your stay!
Amenities and Activities
Camp Fimfo Waco
Camp Fimfo Waco features lots of amenities to fill your days with fun, whether you’re a kid or kid at heart. After challenging your friends to a game of pickleball, basketball, or mini golf, go for a dip in the resort-style, heated pool - open daily through October! Stay on the weekends through October to enjoy the interactive splash playground. With plenty of ways to burn off energy, like the jumping pillow or playground, you can be sure to end the day with a peaceful night around the campfire!
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