The subject of the contract is to grant a long-term loan in the amount of PLN 5,450,000.00 to finance the planned budget deficit and to repay previously incurred liabilities.
The description of the subject of the contract, including quality requirements, relating to the main elements constituting the subject of the contract referred to in Article 246(2) of the PPL Act are specified in the description of the subject of the contract constituting Annex 1 to the SWZ.
1. Loan amount: PLN 5,450,000.00.
2. Loan period - from signing the agreement to 31.12.2033.
3. The loan is intended to finance the planned budget deficit in 2023 in connection with the implementation of investment tasks planned in the commune budget for 2023 and to repay previously incurred liabilities.
4. Disbursement of the loan on a one-off basis by 29 December 2023 on the basis of an application submitted by the Ordering Party, without incurring additional commissions and fees.
5. The Ordering Party reserves the right to resign from collecting a part of the credit without incurring financial responsibility for it and not to use the entire credit, as well as to use a lower amount of credit than specified in the credit agreement without additional costs charged to the Ordering Party. If the full amount of the loan is not used, the Contracting Authority reserves the right to determine/reduce the principal instalments to be repaid in the first place, including the instalment due in 2024.
6. The principal of the loan will be repaid in Polish zlotys in quarterly instalments. Repayment of the first principal instalment by 31.03.2024, repayment of the last instalment - 31.12.2033.
The principal instalments will be repaid in quarterly instalments on the last day of a given quarter on the following dates and amounts:
7. If the Contracting Authority does not use the full amount of the loan, the amount of interest will result from the value of the credit used.
8. Interest will be repaid on a monthly basis, on the last day of each month, on the credit actually used. Interest will be calculated monthly, on the funds actually used. To calculate the interest amount, the actual number of days the loan is used in relation to 365/366 days in a year.
9. The offer price is the cost of interest on the loan calculated on the basis of a fixed interest rate on the PLN loan, equal to the WIBOR 1M rate of 6.09.2023 of 28.09.2023, increased by the margin proposed by the bank, expressed in percentage points (two decimal places), unchanged during the term of the agreement.
10. The actual costs of servicing the loan will be calculated only by the interest rate on the loan: variable, calculated for each monthly interest period based on the WIBOR 1M rate increased by the margin specified in the offer, expressed in percentage points (two decimal places), unchanged during the term of the agreement. The interest rate on the loan during the loan period will be based on the variable WIBOR 1M rate quoted on the last business day of the month preceding the month for which the interest payment is made.
11. The Contracting Authority does not allow for the possibility of charging bank commissions and other fees for granting a loan or changing the terms and conditions of the credit agreement and loan servicing.
12. The Ordering Party reserves the right to repay the loan and individual loan installments earlier (before the agreed dates) without incurring additional costs in the form of fees, commissions, etc.
13. Interest will be charged only on the amount of the current, actual debt. If the loan is repaid at an earlier date, interest will accrue until the repayment date.
14. The repayment of the loan will be secured by a blank promissory note together with a promissory note declaration and countersigned by the Municipal Treasurer.