(a) Notice shall be served by the Executive Director of the Virgin Islands Housing Finance Authority on the property owner or his representative which shall include the following: (1) a declaration of the intention of the Government of the United States Virgin Islands to acquire such property; (2) a statement that such property is deemed to be necessary for the public convenience and utility; (3) an indication that time is of the essence and an emergency exists; (4) an enumeration of supporting acts and data, if any. Such notice shall be approved by the Governor prior to its being forwarded to the property owner or his representative. In the event of a failure to acquire the real property by contract of purchase and sale between the owner and the Executive Director of the Virgin Islands Housing Finance Authority or their representatives within 60 days from the date of receipt by the property owner or his representative of such notice, the Executive Director of the Virgin Islands Housing Finance Authority or his representative or any authorized employee of the Virgin Islands Housing Finance Authority may enter upon and take possession of said real property in the manner provided in section 420 of Title 28, upon filling of a complaint in condemnation proceedings with the District Court as approved by Rule 71(a) of the Federal Rules of Civil Procedure.
(b) Additional testimony to fix compensation for the taking shall be admissible in accordance with the provisions of section 181 of this title.