The subject of the contract is the selection of a bank granting a long-term loan in the amount of PLN 4 505 172.91 (say: four million five hundred five thousand one hundred seventy two zlotys 91/100) to be downloaded in tranches in 2019 to cover the planned budget deficit of 3 PLN 286 443.68 (say: three million two hundred and eighty six thousand four hundred forty three zlotys 68/100) and for the repayment of liabilities previously incurred under loans and borrowings in the amount of PLN 1 218 729.23 (one million two hundred eighteen thousand seven hundred and twenty nine zlotys 23/100).
The loan will be charged in tranches at the written request of the Employer within the time limit indicated in the offer to the Contractor's address. The loan will be used until December 31, 2019.
The loan will be repaid quarterly from the first quarter of 2020 to the fourth quarter of 2024.
Interest will be paid on a monthly basis.
Interest will be charged on the loan actually used.
In a situation where the loan will be repaid earlier - interest will be calculated until the loan repayment date, and not until the end of the contract period.
The Contractor will not charge any fees and commissions on the loan, this condition applies to the commission on granting the loan, commission on the unused part of the loan, commission on early repayment and other fees charged by the Contractor related to servicing the loan and other fees.
The Purchaser reserves the right not to use the whole loan, which will lead to a reduction in capital installments according to the loan used or earlier loan repayment.
Additional requirements - The Contractor will not charge any fees and commissions on the loan, this condition applies to the commission on granting the loan, commission on the unused part of the loan, commission on early repayment and other fees related to servicing the loan and other fees used by the Contractor.
The loan will be secured by a blank promissory note together with a promissory note declaration, unless the Contractor declares in the bid form to resign from the loan collateral.
The loan may not be charged with other fees and commissions than those mentioned in point 3.5.
The loan interest rate will be calculated according to a variable interest rate on an annual basis, based on the arithmetic average of WIBOR rates for one-month deposits in the period from the first to the last day of each month preceding the calendar month in which interest will be calculated, increased by the bank's fixed margin during the contract period .
For the purpose of preliminary examination of the Employer's creditworthiness, the following documents are attached to the specification (Annex 4 to the ToR):
1. Resolution of the City Council in Jedlicze no. X / 69/2019 of 10.5.2019 regarding taking a long-term bank loan,
2. Resolution No. 6/11/2019 of 27.5.2019 of the Adjudication Group of the Regional Accounting Chamber in Rzeszów regarding the opinion on the possibility of repayment by the Jedlicze Commune of a long-term loan in the amount of PLN 4 505 172.91.
3. Resolution No. 6/45/2019 of 16.5.2019 of the Adjudication Group of the Regional Accounting Chamber in Rzeszów regarding the annual report of the Mayor of Jedlicze Commune on the implementation of the commune budget for 2018, together with information on the state of municipal property.