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basic criteria for determination of "uneconomic". Rather, if such parcel would have little or no utility or value to the owner, the parcel is to be con- sidered an "uneconomic remnant". (c) Where there are two or more parcels remaining as a result of the partial acquisition, each parcel is to be con- sidered on its own merits for the de- termination of "uneconomic". Conse- quently, if one of the remaining par- cels is considered to be "economic" to the owner in the after condition, the Sponsor will not be required to offer to acquire such parcel. If the "eco- nomic" parcel is acquired, Federal participation will not be permitted under the existing grant agreement. b. Initiation of Negotiation. The initial offer to purchase the real property will be in the following manner: (1) The Sponsor will make a prompt offer to purchase the property to be acquired. At the first personal contact where price is dis- cussed, the negotiator will offer the property owner, in writing, the established just com- pensation which will not be less than the ap- proved appraisal. This first offer should be within 30 days of the establishment of just compensation. The relocation and acquisi- tion brochure will also be provided at this time. (2) The written offer will be signed, dated, and contain or be accompanied by a written sum- mary statement of the basis for the amount established as just compensation. The sum- mary statement will include, but need not be limited to, those items as stated in sub- paragraph c below. Whenever the taking is revised, a personal contact will likewise be made for the pur- pose of presenting a revised written offer and summary statement to the property owner or to his legal representative. (4) When the fair market value is revised solely on the basis of new appraisal data and the taking is not changed, an additional sum- mary statement is not required but the re- vised offer must be confirmed in writing. (5) Procedures should be established that pro- vide the property owner a reasonable period of time to consider the offer and obtain pro- (3) 20 fessional advice or assistance. Normally a 30- day period will suffice. c. Summary Statement of the Basis for Just Compensation. The Sponsor is to furnish to each owner of a separately held compensable interest in the real property to be acquired, a written summary statement of the basis for the amount established as just compensation for such property. The state- ment will be furnished, along with the written offer to purchase, to the owner at the initiation of nego- tiations (the first time price is discussed) and will in- clude the following: (1) An accurate legal description and location identification of the real property and the interest therein to be acquired. (2) An inventory identifying the buildings, structures, fixtures, and other improve- ments, including appurtenant removable building equipment, which are considered to be part of the real property for which the offer of just compensation is made. (For the purpose of defining the real property, any building, structure, fixture, or other im- provement that would be real property if owned by the owner of the land will be considered to be real property notwithstand- ing the right or obligation of a tenant, such as against the owner of any other in- terest in the real property, to remove such improvement at the expiration of his term.) (a) In the case of commercial, indus- trial, institutional, governmental, or farm property, the statement should contain, or include as an attach- ment, a property analysis which shall identify the owner of each item of the inventory which is not owned by the owner of the land. (b) In the case of properties involving any questions as to the ownership or the classification of items as real or personal property, the property analysis should be completed before the appraisals are made. To prevent misunderstanding as to what is considered to be real or per- sonal property, the property analysis may identify the type and approxi- mate quantities of personal property not to be acquired but located on the premises. (c) • • L