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Page 13 of 35 30. Surety Bond: a) Lessee may provide Lessor’s staff with a third-party cost estimate for removal of the fiber optic cable and HDPE conduit from the Lease Premises. Upon Lessor’s staff’s approval of the estimate, the Surety Bond amount listed in Section 1 is modified to that estimated removal amount, and Lessee must provide Lessor with a surety bond for the modified amount within 60 days of Lessor’s staff’s approval of that cost estimate. If Lessee does not obtain an estimate by a third-party consultant, the default amount of $5,000,000 applies. Lessor may further modify the surety bond as described in Section 3, Paragraph 10. b) The surety bond required by this Lease may be reviewed and updated for sufficiency by Lessor on each fifth anniversary of this Lease (i.e., the fifth, tenth, fifteenth, etc.) and the amount of the bond may be increased as needed to cover the estimated cost for potential removal of the improvements on the Lease Premises. Lessor’s lack of review at any fifth anniversary shall not waive or prejudice Lessor’s ability to review and update the bond at any subsequent fifth anniversary. 31. Lease Management Agreement – Lessee shall reimburse reasonable documented expenses incurred by Lessor or its staff in managing the Lease. The estimated cost of Lessor or its staff in managing this Lease (Estimated Cost) is: • Land Management Review: $10,000 • Mitigation Monitoring Program Review: $30,000 • Engineering Review: $15,000 Lessor will advise Lessee in writing if its actual costs in any given year exceed the Estimated Cost. This does not create an obligation for Lessor to perform any specific work or provide any specific services. Lessor assumes no liability for the work contemplated. The parties agree and acknowledge that this does not create an employment or fiduciary relationship. Any work performed by Lessor shall be done within Lessor’s duties and obligations as a public agency. Lessor retains ownership of any work product created and retains full discretion to act in the best interests of the City in managing and monitoring this Lease. a) Scope of Work – Lessor’s staff shall perform work (as applicable) required to manage the Lease which may include, but shall not be limited to, receiving and reviewing surveys, Mitigation Monitoring Program reports, the 10-year Base Rent adjustment, construction drawings, geotechnical reports, and other engineering materials, hazardous spill contingency plans, fire protection and emergency response plans, as-built drawings, plans for removal of