The subject of the contract is to grant a loan to finance the planned budget deficit in the amount of PLN 5,000,000.
The Ordering Party reserves that the credit may be used in any amounts, dates and tranches on the basis of the Ordering Party's payment instruction until December 29, 2023.
The first installment of the loan will be repaid by March 31, 2025. The last principal installment will be repaid by 31 December 2035.
The subject of the contract is to grant a loan to finance the planned budget deficit in the amount of PLN 5,000,000. The amount of interest on the loan should be given based on the WIBOR 3M interest rate in force on 30 October 2023 plus the margin of the bank granting the loan in question. For the purposes of determining the offer price, it is assumed that the loan will be disbursed in full on 1 December 2023. This date is given for the purpose of calculating the offer price only.
The Ordering Party reserves that the credit may be used in any amounts, dates and tranches on the basis of the Ordering Party's payment instruction until December 29, 2023.
The Ordering Party has the right to use the credit in a lower amount without incurring additional costs.
The loan agreement must contain a grace period for loan repayment until March 30, 2025. The loan will be repaid in quarterly installments until the end of each quarter. The first installment of the loan will be repaid by March 31, 2025. The amount of capital installments will be:
In 2025 – 4 instalments of PLN 50,000 each, in 2026 – 4 instalments of PLN 125,000 each; in 2027 – 4 instalments of PLN 100,000 each; in 2028 – 4 instalments of PLN 50,000 each; in 2029 – 4 instalments of PLN 100,000 each; in 2030 – 4 instalments of PLN 50,000 each, in 2031 – 4 instalments of PLN 150,000 each; in 2032 – 4 instalments of PLN 175,000 each; in 2033 – 4 instalments of PLN 175,000 each; in 2034 – 4 instalments of PLN 175,000 each, in 2035 – 4 instalments of PLN 100,000 each.
The last principal instalment will be repaid by 31 December 2035. Interest will be calculated on the actual loan debt and repaid on a quarterly basis by the 10th day of the month following the quarter. The first interest payment will be made by January 10, 2024. The interest on the last installment of the loan will be repaid on the date of repayment of the last principal installment.
The contracting authority defines as a form of securing the repayment of the loan a blank promissory note with a promissory note declaration without the countersignature of the treasurer.
The Ordering Party reserves the right to repay the loan early without incurring any additional costs.
The Ordering Party stipulates that in the event of early repayment of the loan, interest will be calculated until the loan repayment date and not until the end of the contract without a compensation commission.
The Ordering Party reserves the right to extend the loan period and to change the amount of capital installments during the loan repayment period depending on the financial condition of the Municipality.
The customer reserves the right to convert the loan free of charge in the event of Polish entering the euro area.
Documents regarding the subject of the contract, such as: reports, resolutions, information on municipal property can be found on the Ordering Party's website in BIP, in the appropriate tabs.