Here’s a rundown on the changes of keenest interest to insurance advisors...
City commission adjusted the contract with Fuel Industries for the Atari dig, again.
At Tuesday's regular commission meeting, the commission was presented with another request from Fuel Industries concerning Atari's E.T. The Extra-Terrestrial video game dig, set to begin Saturday at the site of the old Alamogordo landfill.
At the April 6 meeting, the city required Fuel Industries to increase their liability insurance to $3 million in order to receive 10 percent of the games or 100 games, whichever is the lesser amount, if any games are uncovered. Fuel Industries later asked the city to add two companies, Lightbox Entertainment Inc. and Digital Revolution Films Inc., into the Location and Use Agreement.
Fuel Industries also wanted to have the lesser of 250 games or 10 percent, an increase from the previous agrement, and requested to have 10 percent of all other items recovered at the site.
Mayor Susie Galea said she agreed to giving the company 250 games or 10 percent but not the 10 percent of any other possible items found.
"I am definitely for this project, and would like to see what's down in Atari's tomb, but I don't like the last minute 'we need this, we need this,'" Commissioner Jason Baldwin said. "They are looking to make a good little bit of money off of it and do few things with it. The reason I originally agreed to this company and voted for it because it was just a documentary and everything that came through that landfill is our property and our property to do with it as we see fit."
City attorney, Stephen Thies, said the games are currently valued at $10 a piece and if the city caps the amount of games given to the company at 250 games, then the city will not be in violation of its disposition of municipal property ordinances.
"The total value would be less than $2,500 however on the other items, the 10 percent items, it is my understanding that some of those could have more value and we would be exceeding the $2,500 limitation." Thies said
Baldwin said he would approve the new terms but did not want to include the 10 percent of other possible items found at the site in the agreement with Fuel.
The commission voted 7-0 to approve the agreement with the changes but did not allow the company to receive 10 percent of any other items that could possibly be unearthed at the site.
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