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Regarding Offer for Old WHS Property, Phil Templeton Requests 60-day Extension of Inspection Period

By Jesse Wood

May 6, 2013. Pertaining to Phil Templeton’s $19-million offer on the old Watauga High School property, the Watauga County Board of Commissioners will hear a request to extend the inspection period by 60 days at tomorrow’s board meeting.

Watauga_county_NC_sealOn behalf of Templeton Properties, which submitted the offer last fall, attorney Allen Moseley of Deal, Moseley & Smith, LLP, penned a letter to Chair Nathan Miller on April 17 requesting the extension.

The inspection period is currently slated to end on May 12. If the request is granted, the new expiration of the purchase and sale agreement on the old WHS property would be July 11. 

“Until the outcome of the ongoing discussions between the Watauga County Commissioners and the Boone Town Council is finally known, Templeton cannot realistically move forward with a development plan for the Property,” Moseley wrote. “While we continue to believe that the original plans for the Property will result in its highest and best use, Mr. Templeton is also exploring alternative uses for the Property which may have some merit, and accordingly he is requesting the extension in good faith with the hope that he may be able to purchase the Property.” 

The Watauga County Board of Commissioners meets on Tuesday morning at 8:30 a.m. in the Watauga County Administrative Building on West King Street. 

Nine days before Moseley wrote this letter to Miller, Templeton stated his intention to withdraw the property because of Town of Boone regulations.