Record of Transactions Pertaining to Wesco Acres, Lot 1, 1988-2014

This 231-page file was assembled from public records as part of a background investigation of 2014 Austin mayoral candidate Stephen Ira “Steve” Adler.

Under the 1981 Williamson Creek Watershed Ordinance, property may be developed with 65 percent impervious cover instead of the 25 percent impervious cover that would have been allowed under the Save Our Springs Ordinance.

Significant milestones in the history of developing this property are as follows:
• A Restrictive Covenant filed of record November 30, 1988, specified that development of 16 acres of land could proceed under regulations for the Williamson Creek Watershed and the maximum impervious cover allowed would be 65 percent. (See pp. 1-6.)
• Adler and law partner Michael Barron bought 16 acres of Lot 1, Wesco Acres, from Findlay Properties Inc. in a transaction recorded Jan. 31, 1995, for an undisclosed price. (See pp. 7-12.)
• City of Austin bought 5.0 acres and a driveway easement of 0.337 acres for $475,000 Jan. 6, 1997 (p. 13-26).
• Barron and Adler filed Declaration of Condominiums Jan. 6, 1997 (pp. 27-49).
• Barron and Adler filed Site Plan for Wesco Acres, 11 acres, May 11, 1998 (pp. 50-78)
• Barron and Adler sold 5.829 acres to and entered a  joint development agreement with Travis County Dec. 26, 2002, for $650,313 (pp. 79-175).
• Barron & Adler form Wesco Holdings LLC and are its sole directors Aug. 25, 2006 (pp. 176-185).
• Barron & Adler issues warranty bill of sale to Wesco Holdings Oct. 18, 2006 (pp. 186-188).
• Barron & Adler issues warranty deed to Wesco Holdings LLC Oct. 18, 2006 (pp. 189-193).
• Wesco Holdings issues warranty deed with vendor's lien to Melwood Alliance LLC for 2.5855 acres Oct. 18, 2006 (pp. 194-199).
• Travis Central Appraisal District values Melwood Alliance’s 2.5855 acres at $1,300,230 for 2013 taxes (pp. 200-201).
• Filed Texas Franchise Tax Public Information Reports for Wesco Holdings LLC for 2007, 2009-2001, 2013 (pp. 203-206)
• Travis Central Appraisal District values Wesco Holdings’ remaining 2.5855 acres at $169.936 for 2013 taxes (pp. 207-208).
• Wesco Holdings applied for a fourth site-plan extension of 10 years, supported by Travis County to meet its future needs, Aug. 1, 2013 (pp. 209-231).
• City of Austin Planning Commission approves 6-year extension of the site plan on March 25, 2014.