The subject of the proceedings is to grant the Municipality of Porąbka a long-term loan in the amount of PLN 3,000,000.00 to finance the planned deficit of the municipal budget.

The subject of the proceedings is to grant the Municipality of Porąbka a long-term loan in the amount of PLN 3,000,000.00 to finance the planned deficit of the municipal budget. The loan period is 120 months. Placing the loan at the disposal of the Ordering Party will take place in tranches within the period: from the signing of the contract until 31.12.2023. The planned date of signing the contract is 01.08.2023. The amount of individual loan tranches and the exact dates of their release will be indicated by the Contracting Authority in writing, according to its own current needs. The Ordering Party's information on the amount and date of payment of the loan tranche will be presented to the Contractor within 3 days before the date of payment of the loan tranche. The interest rate on the loan will be variable, calculated according to the WIBOR 1M rate. Payments of principal and interest installments will be made on the last day of the month, but if it is a holiday, Sunday or Saturday, the payment will be made on the last business day preceding the day off. The commission on the loan granted may not exceed 0.1% of the loan amount. Capital repayment period: 115 months (from 31.01.2024 – 29.07.2033) – required grace period for repayment of principal until 31.01.2024. Interest repayment period: 119 months (from 29.09.2023 – 29.07.2033) - required grace period for interest payment until 29.09.2023 Interest will be payable on the repayment dates of the principal. Collateral for the loan: a blank promissory note together with a promissory note declaration, countersigned by the Treasurer of the Municipality. The Ordering Party reserves the right to resign from taking out a loan without any financial consequences. The Ordering Party reserves the right not to use the entire loan amount without incurring any costs and without the required consent of the Contractor and the need to prepare an annex, with the proviso that the minimum loan amount will be PLN 2,000,000.00. In the event of early repayment of the loan, interest will be calculated for the period of its actual use. The lender will not charge interest on the amount of unused credit. The Ordering Party reserves the right to extend the loan repayment period. Other conditions are described in Annex 1 to the SWZ - OPZ.