The subject of the contract is the provision of a service consisting in the granting of a long-term loan to finance the planned budget deficit and repayment of loans and credits previously drawn in the amount of PLN 9 557 314.25. A detailed description of the subject of the contract is contained in the Terms of Reference.

The subject of the contract is the provision of a service consisting in the granting of a long-term loan to finance the planned budget deficit and repayment of previously drawn loans and credits in the amount of PLN 9 557 314.25

1) loan repayment - in the years from 2022 to 2026;

2) The loan will be launched, made available for a maximum of 5 business days from the submission of the application by the Employer, the loan will be launched no later than by 31/12/2019. The Employer reserves the right to run the loan in tranches and the possibility of taking a loan in an amount lower than the agreed amount (PLN 9 557 314.25) without additional fees and commissions;

3) settlements between the Employer and the Contractor will be made in Polish zlotys (PLN);

4) type of interest: The interest rate on the loan during the repayment period will be based on the variable WIBOR 1M rate plus a fixed margin proposed by the bank (constant margin throughout the loan repayment period);

5) the loan installments will be repaid after the grace period in quarterly installments:

a) in 2022 - PLN 700,000.00, i.e. 4 quarterly installments of PLN 175,000.00 each;

b) in 2023 - PLN 1,500,000.00, i.e. four quarterly installments of PLN 375,000.00 each;

c) in 2024 - PLN 1,500,000.00, i.e. four quarterly installments of PLN 375,000.00 each;

d) in 2025 - PLN 3,000,000.00, i.e. four quarterly installments of PLN 750,000.00,

e) in 2026 - PLN 2 857 314.25, i.e. 3 quarterly installments of PLN 714,000.00 each

1 quarterly installment PLN 715,314.25.

6) interest will be repaid quarterly - on the last business day of the month ending the quarter. The first interest will be payable as at 31/12/2019. To calculate the offer price, it should be assumed that the interest for 2019 will be calculated for the period from 1/12/2019 to 31/12/2019.

7) accruing interest - only on the debt actually used. The volatility of the WIBOR 1M rate, which is to be the basis for the interest rate on the loan during the loan period, will be determined for subsequent accounting periods according to the quotations for two calendar days preceding the start of a given accounting period.

8) payment of the Employer's obligations for loan repayment and for loan servicing will be settled quarterly on the last business day of the month ending the quarter, according to the variable WIBOR 1M interest rate, plus the Contractor's margin. Interest will not be charged on credit granted but not yet launched.

9) about the amount of interest due, the Employer will be informed in writing and by e-mail to the address: skarbnik@lacko.pl within 7 days before the due date, with interest on the loan becoming due on the last day of each interest period;

10) interest for unpaid loan installments will be calculated based on the amount of statutory interest in force in the given period;

12) interest on the loan will not be capitalized;

13) when calculating interest, it is assumed that the month has the actual number of calendar days, while the year has 365 days;

14) the loan and interest repayment security will be a blank promissory note together with a promissory note declaration. Other provisions in the loan agreement, including submission to enforcement pursuant to Art. 97 paragraph 1 and 2 of the Banking Law Act (consolidated text Journal of Laws of 2017, item 1876, as amended);

15) source of repayment - commune budget income;

16) documenting (accounting) of the loan use is not planned;

17) in terms of fees and commissions, the Awarding Entity allows only payment for a one-time preparatory commission, payable in full on the day the loan is released, which cannot be higher than 0.1% of the loan amount planned to be taken;

A detailed description of the order is included in the Terms of Reference.