4.1 The subject of the contract is the granting of a long-term loan in the amount of PLN 6 000 000 intended to cover the budget deficit and repayment of previously taken loans and advances.
4.2 Detailed description of the subject of the contract.
4.2.1 The Loan will be placed at the disposal of the Ordering Party in one tranche in the amount of PLN 6,000,000. The loan will be activated on the basis of the submitted demand (application) sent to the Contractor electronically, at the latest within 7 working days from the date of signing the contract.
4.2.2 Loan period – 120 months
4.2.3 Grace period for repayment of capital – 5 months
4.2.4 Repayment of the loan in the years 2023-2032 in 120 monthly installments in the amount of:
- 60 first installments (from January 2023 to December 2027) in the amount of PLN 30,000 each,
- 60 installments (from January 2028 to December 2032) in the amount of PLN 70,000 each,
4.1 The subject of the contract is the granting of a long-term loan in the amount of PLN 6 000 000 intended to cover the budget deficit and repayment of previously taken loans and advances.
4.2 Detailed description of the subject of the contract.
4.2.1 The Loan will be placed at the disposal of the Ordering Party in one tranche in the amount of PLN 6,000,000. The loan will be activated on the basis of the submitted demand (application) sent to the Contractor electronically, at the latest within 7 working days from the date of signing the contract.
4.2.2 Loan period – 120 months
4.2.3 Grace period for repayment of capital – 5 months
4.2.4 Repayment of the loan in the years 2023-2032 in 120 monthly installments in the amount of:
- 60 first installments (from January 2023 to December 2027) in the amount of PLN 30,000 each,
- 60 installments (from January 2028 to December 2032) in the amount of PLN 70,000 each,
with the first instalment payable on the last working day of The month of January 2023 and the last instalment payable on the last working day of December 2032.
4.2.5 Repayment of interest on a monthly basis on the basis of a notification by the Bank.
4.2.6 Interest on the credit will be calculated on a monthly basis from the amount of credit actually used and payable on the last working day of each month.
The Contractor will open a credit account at the latest on the date of conclusion of the contract and will maintain it free of charge during its term.
4.2.7 For the determination of the amount of interest, a year equal to 365 days and the actual number of days in a month shall be used.
4.2.8 In the case of repayment of the loan at an earlier date, interest will be calculated until the repayment date and payable on the date of repayment of the loan,
4.2.9 The Purchaser reserves the right to use the full amount of the credit granted and the right to repay the credit early in whole or in part without incurring additional fees.
4.2.10 The interest rate on the loan will be variable.
4.2.11 The base rate for setting the interest rate.
- to the offer: at the WIBOR 1M rate as at 1.07.2022 in the amount of 6.59%.
Note: for the calculation of the price should be taken the number of days per year 360 and monthly 30,
to the contract: the interest rate on the loan on the day of conclusion of the contract is the sum of the WIBOR 1M rate from the last day of the month preceding the month in which the contract will be concluded and the Contractor's margin (it applies until the end of the calendar month in which the contract will be concluded).
When calculating interest for each subsequent interest period, the Contractor applies the WIBOR 1M rate from the last day of the month preceding the accounting month, increased by the Contractor's margin.
The interest rate changes every first day of the following month.
NOTE: in order to calculate the offer price, 29.08.2022 should be taken as the loan payment date.
The bank will not charge any commissions or fees for the loan granted.
The loan will be secured by a blank promissory note together with a promissory note declaration.
The Municipality of Wiązownica agrees to submit a written statement on submission to enforcement in the light of the provisions of Article 97(1) and (2) of the Banking Law.
The agreement, the blank promissory note together with the promissory note declaration and the declaration of submission to enforcement will have the countersignature of the Treasurer.
The Municipality of Wiązownica has no obligations towards ZUS and the Tax Office.
4.2.12 For the purpose of the preliminary examination of the creditworthiness of the ordering party (borrower), the following documents are attached:
1) Reports on the implementation of the budget for 2019, 2020 and 2021
2) RIO opinion on the implementation of the 2019, 2020 and 2021 budgets.
3) Resolutions of the Wiązownica Commune Council on granting discharge for the years 2018, 2019 and 2020
4) Draft budget for 2022
5) RIO opinion on the draft budget of the Municipality of Wiązownica for 2022.
6) RIO opinion on the correctness of the amount of debt of the Municipality of Wiązownica for the years 2022-2028.
7) RIO opinion on the multiannual financial forecast of the Municipality of Wiązownica for the years 2022-2028.