Based on its first year of study and a first-phase report of its consultants (Booz, Allen and Hamilton), the Commission recommends:

1. That the work of the Commission proceed for an additional year (as originally)

2. That the Commission obtain the services of consultants to assist in this second phase;

3. That the Virginia Port Authority and Portsmouth Terminals, Inc. enter into negotiations for the renewal of the lease of port facilities at Portsmouth, Virginia, giving consideration to, but not being bound by the "Alternative Lease Concepts" contained in the report to the Commission of its

4. That participation of the federal Maritime Administration in the conduct of the present study, on the terms offered by the Maritime Administration at this time, be rejected;

5. That an allocation of an additional fifty thousand dollars be made by the General Assembly to the Commission to offset the Maritime Administration's financial non-participation in the second phase of the present study [See Appendix II]; and

6. That the General Assembly, in preparing the budget for the next biennium, give consideration to alternative methods of financing the Virginia Port Authority as discussed in the first-phase report of the Commission's consultants [see Appendix III].