The subject of the contract is the service of granting a long-term loan to cover the planned budget deficit of the City of Białogard in 2019 in the amount of PLN 3 711 250.00 in connection with the implementation of investment tasks implemented by the City of Białogard, including those co-financed from funds from the European Union budget, and repayment earlier loans taken out in the amount of PLN 3 819 874.00. Loan period from the date of signing the loan agreement to 30/11/2028. Duration of the loan until 31/12/2019. Grace period for repayment of loan installments until: 31/03/2021. Reimbursement of expenses already incurred for repayment of loan installments and deficit coverage is allowed up to the full loan amount.

Purpose of a long-term loan in the amount of PLN 3 711 250.00:

a) "The development of sustainable urban mobility in the Koszalińsko-Kołobrzesko-Białogardzki Functional Area through the construction of bicycle roads in the city of Białogard - PLN 1,700,000.00, including own contribution to the project co-financed from funds from the European Union budget in the amount of 576 PLN 000.00

Purpose of long-term loan in the amount of PLN 3 819 874.00:

a) Repayment of installments of previously drawn loans planned for repayment in 2019. The total value of the loan granted will be PLN 7,531 124.00.

Terms of repayment of loan principal installments: Installments of the loan granted payable after the grace period, on the following dates and amounts:

31.3.2021 - PLN 81,000.00;

30.9.2021 - PLN 69,884.00;

31.3.2022 - PLN 50,000.00;

30.9.2022 - PLN 50,000.00;

31.3.2023 - PLN 50,000.00;

30.9.2023 - PLN 50,000.00;

31.3.2024 - PLN 50,000.00;

30.9.2024 - PLN 50,000.00;

31.3.2025 - PLN 200,000.00;

31.5.2025 - PLN 250,000.00;

30.9.2025 - PLN 250,000.00;

31.3.2026 - PLN 425,000.00;

31/05/2026 - PLN 425,000.00;

30.9.2026 - PLN 425,000.00;

30/11/2026 - PLN 425,000.00;

31.3.2027 - PLN 412,500.00;

31.5.2027 - PLN 412,500.00;

30.9.2027 - PLN 412 500.00;

30/11/2027 - PLN 412,500.00;

31.3.2028 - PLN 750,000.00;

31.5.2028 - PLN 750,000.00;

30.9.2028 - PLN 750,000.00;

30/11/2028 - 780 250.00 PLN.

In the event that the loan repayment date expires on a public holiday or is not a business day, i.e. the day falling from Monday to Friday on which the Bank operates, it is considered that the loan repayment date will be met if the loan was repaid on the first business day after the loan repayment date. Interest on the loan is accrued on a quarterly basis, only on the amount of the loan actually launched and payable on the last working day of each quarter starting from 28.9.2019. The interest on the loan will be based on the WIBOR 3M rate. The interest rate on the loan should be calculated on the basis of the 3M WIBOR base rate adopted as the rate set for a period of 3 months in the amount of the 3M WIBOR rate from the 25th day of the month ending the calendar quarter or from the last business day before that date if there are no quotations and applicable from the 1st calendar day of the next quarter. However, when calculating the amount of interest in the offer, 3M WIBOR should be adopted according to the quotations from 8.8.2019 and the date of payment of the loan in three tranches, i.e. PLN 2,500,000.00 - September 30, 2019, PLN 2,500,000.00 - October 31, and PLN 2,531 124.00 - November 30, 2019

2.13 A real calendar should be used to calculate interest on the loan. The loan will be paid "on demand", ie on dates and tranches tailored to the needs of the Employer, to the bank account of the city maintained in BS Białogard No. 22 8562 0007 0003 4308 2000 0010, based on a separate notification by the Employer to the Contractor. The loan will not be charged with any other fees than those listed in the ToR (i.e. fees, commissions and other similar services). The Employer has the right to reduce the amount planned to take out a loan without charging the Contractor additional costs (fees, commissions, etc.).

2.17 The Purchaser has the right to early repayment of the loan in full or in part, without additional costs (fees, commissions, etc.), then the interest will be calculated for the period of actual use of the loan. The loan repayment will be secured by a blank promissory note together with a promissory note declaration, the documents will be signed by the Mayor of Białogard and the City Treasurer. The contracting authority will not submit a declaration of submission to enforcement pursuant to art. 777 parish 1 point 5 of the Code of Civil Procedure. All settlements between the Employer and the Contractor will be carried out only in the Polish currency PLN. There are no enforcement classes on the City's accounts with the banks.