Determination of the subject matter and the size or scope of the contract:
The subject of the contract is a banking service consisting in granting and servicing a long-term loan in the amount of: PLN 8,975,000 (say: eight million nine hundred seventy-five thousand zlotys, 00/100) for the purpose of repayment of previously contracted loans and advances and financing the budget deficit.
Detailed terms and conditions related to the implementation of the subject of the contract:
• Loan amount: PLN 8,975,000 (say: eight million nine hundred seventy-five thousand zlotys, 00/100);
• Basis for taking out the loan: Resolution No. XLVI/447/2022 of the Niemce Municipal Council of 16 December 2022 on the adoption of the budget for 2023 and Resolution No. LIV/533/2023 of the Niemce Municipal Council of 21 June 2023 on changes to the municipal budget for 2023;
• Loan collateral: blank promissory note with promissory note declaration;
• The treasurer of the municipality will countersign the loan agreement and the promissory note
Determination of the subject matter and the size or scope of the contract:
The subject of the contract is a banking service consisting in granting and servicing a long-term loan in the amount of: PLN 8,975,000 (say: eight million nine hundred seventy-five thousand zlotys, 00/100) for the purpose of repayment of previously contracted loans and advances and financing the budget deficit.
Detailed terms and conditions related to the implementation of the subject of the contract:
• Loan amount: PLN 8,975,000 (say: eight million nine hundred seventy-five thousand zlotys, 00/100);
• Basis for taking out the loan: Resolution No. XLVI/447/2022 of the Niemce Municipal Council of 16 December 2022 on the adoption of the budget for 2023 and Resolution No. LIV/533/2023 of the Niemce Municipal Council of 21 June 2023 on changes to the municipal budget for 2023;
• Loan collateral: blank promissory note with promissory note declaration;
• The treasurer of the municipality will countersign the loan agreement and the promissory note and the promissory note declaration;
• Date of placing the loan at the disposal of the contracting authority: 20.12.2023;
• Method of disbursement of the loan: in tranches, on the basis of written instructions of the Contracting Authority to disburse the loan tranche;
• Disbursement of loan tranches: on the basis of a written instruction of the Contracting Authority to the Contracting Authority's bank account no. 84 8702 0001 0000 0026 2000 0030 at the Cooperative Bank in Germany within one day from the date of submission of the instruction to release the loan funds;
• Credit utilisation date - 31 December 2023;
• End of the credit utilization period: 31 December 2023 or the day following the date of submission by the Ordering Party of a written statement of resignation from further use of the credit;
• Grace period in loan repayment until 20.10.2025;
• Polish zloty (PLN) loan currency;
• Repayment of the loan principal: 12 years, i.e. 2024-2035, in 40 quarterly installments in the amount of PLN 224,375; payable on 20 January, 20 April, 20 July, 20 October each year; repayment of the first instalment on 20 October 2023, repayment of the last instalment – 20 October 2035;
• Interest repayment – quarterly by the 20th day of each month following the end of the quarter and on the date of final repayment of the loan. A quarter is a calendar quarter; the first interest payment will be made by 20.01.2024;
• Accrual of interest – calculated on a monthly basis on the last day of each month on the amount of the loan actually used; For the purpose of calculating the interest rate, assume that a year has 365 days, a leap year has 366 days, and a month has the actual number of days;
• Interest rate on the loan: WIBOR 1M rate + fixed margin of the bank, where:
a) in the case of the first disbursement of the loan – the WIBOR 1M rate applicable on the penultimate business day before the date of setting the interest rate, i.e. the first disbursement of the loan,
b) in the case of subsequent interest calculation periods – WIBOR 1M rate applicable on the penultimate business day before the interest rate change date, i.e. before the first day of the month;
• The offer should use the WIBOR 1M rate valid as of 20.10.2023, i.e. 5.82;
• In order to calculate the price of the loan, it should be assumed that the loan will be disbursed in full on 20 December 2023 and interest should be calculated from that date;
• Bank commission - the ordering party does not allow for the possibility of paying a one-time preparatory commission on the day of signing the loan agreement, as well as a commission for servicing the credit account or other bank accounts required to disburse the loan;
• Loan period – 20.12.2023 - 20.10.2035;
• The Bank undertakes to guarantee the acceptance of early repayment of the instalment or the entire loan without charging the contracting authority with additional costs and commissions after prior written notification to the Bank by the ordering party within 10 days prior to the repayment date of the intention to make such repayment. If you repay part or all of the loan early, interest will be charged