3.1 Description of the subject of the contract:

1) The subject of this public procurement procedure is the implementation of the service called "Long-term loan in the amount of PLN 2,796,000.00 to finance the planned budget deficit of the Golub-Dobrzyń Municipality in 2019 and repayment of previously incurred liabilities".

2) Loan period: from the day of signing the loan agreement to 31/12/2035.

3) Grace in repayment of loan principal installments until 30.3.2023.

4) Security: blank promissory note and promissory note declaration. The RIO opinion on the possibility of repayment of the loan by the Golub-Dobrzyń Commune will be available before signing the contract.

5) The loan will be repaid in 52 quarterly installments (according to the loan repayment schedule attached as Annex 2 to the ToR) on the last day of each quarter.

6) Interest calculated for calendar months, starting from the day the loan was released.

7) The Employer does not allow the Contractor to apply commissions and fees under prepared and erected

1) The subject of this public procurement procedure is the implementation of the service called "Long-term loan in the amount of PLN 2,796,000.00 to finance the planned budget deficit of the Golub-Dobrzyń Municipality in 2019 and repayment of previously incurred liabilities".

2) Loan period: from the day of signing the loan agreement to 31/12/2035.

3) Grace in repayment of loan principal installments until 30.3.2023.

4) Security: blank promissory note and promissory note declaration. The RIO opinion on the possibility of repayment of the loan by the Golub-Dobrzyń Commune will be available before signing the contract.

5) The loan will be repaid in 52 quarterly installments (according to the loan repayment schedule attached as Annex 2 to the ToR) on the last day of each quarter.

6) Interest calculated for calendar months, starting from the day the loan was released.

7) The Employer does not allow the Contractor to apply commissions and fees under preparing and making the loan available.

8) The interest rate on the loan will be calculated on the basis of WIBOR 1M (from quotations as at 2.7.2019) + the Contractor's margin. The margin presented in the offer may not be increased. The Contractor's margin is binding throughout the entire loan period.

9) The interest rate on the loan will change on a monthly basis on the first day of each month by an indicator taking into account the ratio of WIBOR 1M rate calculated as the arithmetic average of the last 30 days preceding the change in interest rate + the Contractor's margin, with the average of the last 30 days being the average arithmetic of all the listings of the month, which applies from 1 business day of the following month.

10) The payment of interest on the outstanding loan amount will be settled by the last day of each month of the accounting period based on written information provided by the bank at least 3 business days before the date of payment of interest. If the day of payment of interest falls on a day off from work, the first working day following the day off from work should be taken as the day of payment of interest. For the calculation of interest on the loan, it should be assumed that the year is 365 days.

11) The loan may not be charged with other fees than those listed in the ToR.

12) The Employer has the right to early repayment of the loan in whole or in part, without additional costs (fees, commissions, etc.). The interest rate will then be calculated for the period of actual use of the loan.

13) The contractor will launch the loan in the following way: 1 tranche in the amount of PLN 1 134 374.00 within 3 days from the conclusion of the loan agreement (the cost should be calculated on the day the contract is signed on 15.9.2019), 2 tranche by 15/11/2019 (you should accept the costs on 15/11/2019).

14) All settlements between the Employer and the Contractor will be carried out in the Polish currency (PLN).

15) The Contractor will transfer funds to the Employer's account in a timely manner.

16) The funds from the loan will be released on the basis of the Purchaser's written instructions to the bank, no later than 3 days after the Purchaser has placed the instruction about its activation - the time of the loan activation is the criterion for assessing the offer.

17) The Awarding Entity has the right to use the loan in an amount lower than the amount of PLN 2,796,000.00.

18) The Ordering Party reserves the right to submit a declaration of resignation from a part of the loan utilization without incurring costs (fees, commissions, etc.) - however, the above change will be notified to the contractor at least 3 days in advance by fax or e-mail, confirmed later written.

19) The Contractor shall not charge any fees for unused clean credit.

20) If the entire loan amount is not used, a new loan repayment schedule will be set.