The subject of the contract is the service of taking out a long-term loan in the amount of PLN 2,500,000.00 for financing the planned budget deficit and for repayment of previously incurred liabilities under loans and advances.
Detailed terms of the contract, including quality standards referred to in Article 246(2) of the PPL Act:
1) The period of utilization of the loan until 31.12.2022 in full.
2) The loan will be used in accordance with the Ordinance of the Mayor of the Commune of Biszcza No. 28/2022 of May 25, 2022.
3) The loan will be transferred in tranches at the request of the Ordering Party to his account kept in a bank selected to service the budget of the municipality.
4) Grace period for loan repayment until 24.04.2024
The contract is awarded in accordance with the provisions of the Act of 11 September 2019. Public procurement law under the open tender procedure (Article 132 of the PPL Act).
5) Loan period from the date of conclusion of the contract to 25.10.2032.
6) Monthly interest payment starting from the first month in which the loan tranche was used.
7) The base interest rate will be based on the WIBOR 3M rate as at 27.06.2022. increased by the Contractor's margin.
8) The Ordering Party reserves the right to resign from the use of part of the loan without additional fees and costs.
9) The Contractor's margin is fixed during the contract period,
10) The Ordering Party reserves the right to early repayment of the loan
without additional costs and fees.
11) Repayment of the capital will take place in 31 quarterly installments by 25 January,
25 April, 25 July and 25 October each year from 2024 to 2032 according to the following schedule:
a) 2024 – PLN 25,000.00 until 25.04.2024,
b) 2025 – PLN 50,000.00 in two equal installments: until 25.01.2025. and until 25.04.2025,
c) 2026 year - PLN 100,000.00 in four equal installments of PLN 25,000.00 each
( I,IV, VII i X.2026r.),
d) 2027 - PLN 200,000.00 in four equal installments of PLN 50,000.00 each,
e) 2028 - PLN 200,000.00 in four equal installments of PLN 50,000.00 each,
f) 2029 - PLN 500,000.00 in four equal installments of PLN 125,000.00 each,
g) 2030 - PLN 500,000.00 in four equal installments of PLN 125,000.00 each,
h) 2031 year - PLN 500,000.00 in four equal installments of PLN 125,000.00 each,
i) 2032 year - PLN 425,000.00 in four equal installments of PLN 106250.00 each.
12) The interest rate and commission for granting the loan are the costs of servicing the loan. The commission for granting the loan will be calculated at each tranche launched.
13) The Contractor will charge interest on the loan amounts actually used. Interest will be calculated for the actual number of days of using the loan, assuming that the year is 365/366 days, from the date of indebtedness under the loan granted to the day preceding its repayment inclusive.
14) The payment of interest on capital installments should be taken as the date of debiting the Lender's account. If the due date falls on a public holiday
from work, interest and credit are repaid on the first working day following the public holiday.
15) The form of securing the loan is a blank promissory note together with a promissory note declaration for the amount corresponding to the amount of debt under the loan used together with interest and other costs of the Contractor,
16) The Ordering Party has no arrears towards the Social Insurance Institution
and the Tax Office.
17) It is assumed that the countersignature of the Treasurer of the Commune on credit documents (loan agreement, blank promissory note, declaration of issuing a blank promissory note).
18) The Ordering Party does not use leasing and the issue of debt securities.
19) Budget reports and resolutions and regulations amending the budget of the Municipality of Biszcza are available on the website of the Public Information Bulletin.
20) Currency PLN.