The subject of the contract is the granting and bank service of a long-term loan in the amount of PLN 3,000,000.00 intended to finance previously incurred liabilities under loans and advances and to finance the planned budget deficit for 2022.
The loan will be made available on the date specified by the Contractor in the criterion "time of starting the loan from the date of submitting the instruction", counting from the date of conclusion of the contract.
The loan should be placed at the disposal of the Ordering Party within 2 working days from the dates of signing the contract.
Type of loan currency – PLN loan. It is not allowed to conduct settlements in foreign currencies.
The interest rate on the loan consists of a margin and a WIBOR 1M rate
a) the margin based on the rate indicated by the contractor in the offer form, constituting Annex 1 to this SWZ, will be constant throughout the loan repayment period
b) the interest rate base (WIBOR 1M) may change
A detailed description of the order specifies the SWZ.
The subject of the contract is the granting and bank service of a long-term loan in the amount of PLN 3,000,000.00 intended to finance previously incurred liabilities under loans and advances and to finance the planned budget deficit for 2022.
The loan will be made available on the date specified by the Contractor in the criterion "time of starting the loan from the date of submitting the instruction", counting from the date of conclusion of the contract.
The loan should be placed at the disposal of the Ordering Party within 2 working days from the dates of signing the contract.
Type of loan currency – PLN loan. It is not allowed to conduct settlements in foreign currencies.
Repayment of the loan and interest:
Credit:
a) in the years: 2024 - 2038
b) completion of 31.12.2038
c) grace period in repayment of the loan from the date of granting the loan until 31.01.2024 (the grace period ends on the eve of repayment of the first installment of the capital),
(d) repayment of principal: in monthly instalments, by the last working day of each calendar month, starting from 31.01.2024 to 31.12.2038, according to the following schedule:
in 2024 – 12 installments of PLN 1,875.00 (first installment on 31.01.2024),
in the years 2025 - 2029 – 60 installments of PLN 3,000.00,
in the years 2030-2037 – 96 installments of PLN 24,375.00,
in 2038 – 11 installments of PLN 37,500.00 and 12 installments of PLN 45,000.00.
Interest:
a) interest repayment – interest determined according to the WIBOR 1M rate + fixed bank margin [%], payable monthly, on the last business day of each month, starting from the month following the start of the loan,
(b) interest and commission:
in calculating interest, the actual number of days in a month and in a given calendar year should be used,
the cost of the loan will be a fixed margin for the entire loan period,
the ordering party does not provide for commissions or other costs,
loan collateral – blank promissory note with promissory note declaration
It is recommended that the Contractor obtains, under his responsibility and risk, all relevant information necessary for the preparation of the offer
The loan will be activated in the form of a transfer from the credit account to the basic account of the Municipality
The Contracting Authority reserves:
(a) the right not to use all or part of the credit without incurring additional charges. In the event of taking out a loan in the amount lower than planned, it will not result in the termination of the loan agreement and will not cause any other claims of the Contractor against the Ordering Party,
b) the right to early repayment of the loan once or early repayment of the loan several times in parts other than the monthly installments provided for after informing the bank and changing the loan repayment schedule in the form of an annex during the term of the contract and repayment of interest without the need for additional other charges in this respect,
(c) the possibility of extending the repayment period of the credit without charging additional fees in this respect. If the loan repayment period is extended, an annex to the loan agreement will be drawn up,
d) the right to transfer the credit to the account indicated by the ordering party.
The cost of the loan will be interest at the variable interest rate according to WIBOR 1M:
a) to determine the interest rate on the loan during the term of the contract, the WIBOR 1M rate from the first calendar day of the month in which the interest rate will apply plus the bank's fixed margin for the entire loan period will be adopted each time,
b) the Contractor shall notify the Ordering Party in writing about the interest rate in a given month by the 15th day of each month from the date of determining the interest rate for a given interest period. The interest rate is subject to the amount of the loan actually used, assuming the actual number of days in a month and the assumption that the year has 365 days, and in a leap year 366 days. The change in interest resulting from the WIBOR 1M rate does not constitute a change in the terms of the contract and does not require its termination.
Warning!
for the purpose of comparing the offers submitted in the proceedings, a permanent WIBOR 1M of 07.10.2022 with a value of – 7.08% should be adopted.