The subject of the contract is the service of taking a long-term loan in the amount of PLN 12,000,000.00 (twelve million zlotys) to cover the planned budget deficit of the Puchaczów Municipality in 2023 in connection with the implementation of investments included in the budget resolution for 2023 and the WPF of the Puchaczów Commune for the years 2023 – 2027 and for the repayment of previously contracted loans and advances.
1. The subject of the contract is the service of taking a long-term loan in the amount of PLN 12,000,000.00 (twelve million zlotys) to cover the planned budget deficit of the Puchaczów Municipality in 2023 in connection with the implementation of investments included in the budget resolution for 2023 and the WPF of the Puchaczów Commune for the years 2023 – 2027 and for the repayment of previously contracted loans and advances.
When preparing an offer, the contractor must take into account:
- all costs related to obtaining a loan,
− all costs related to the repayment of the loan and provide in the offer the total cost of its repayment for the expected loan period.
− interest rate on the loan according to the arithmetic average WIBOR 1M rate for the month of September 2023 increased by the Contractor's margin.
The only permissible cost for the Contracting Authority will be the costs of interest and commission for granting the loan, the commission for granting the loan will be calculated only on the amount of the credit actually used and payable before the disbursement of the loan/loan tranche (at the latest on the day of disbursement of a given tranche of the loan).
2. Detailed terms and conditions of the loan:
− The loan will be used to cover the planned budget deficit of the Municipality in 2023 and to repay installments of loans and advances taken out in previous years.
- The funds from the loan will be used by 29.12.2023.
- The deadline for disbursement of the entire loan for the purpose of calculating the offer price is set for 10.12.2023.
- Grace period in repayment of the principal until 28.02.2025
− Payment of the first instalment of the principal by 31.03.2025 Installments payable by the last day of each quarter.
− The contractor's margin is fixed over the term of the contract.
− Interest rate and commission are the costs of servicing the loan.
− The Contractor's margin and the amount of the commission cannot be changed during the term of the contract.
− Form of loan security – a blank promissory note with a promissory note declaration for the amount corresponding to the amount of debt due to the loan used, together with interest and other costs of the Contractor.
- The Contracting Authority informs that no enforcement proceedings are currently pending against the Puchaczów Commune.
− The Contracting Authority has no arrears towards the Social Insurance Institution and the Tax Office, banks, leasing companies and financial, central or local government institutions,
- The Contracting Authority informs that the Contracting Authority's bodies have not been suspended, no receivership has been established, the Contracting Authority is not implementing a remedial programme and has not and will not submit such a programme to RIO,
- The Contracting Authority did not provide sureties or guarantees,
− It is assumed that the countersignature of the Treasurer of the Municipality is placed on the loan documents (loan agreement, blank promissory note, declaration of issuance of a blank promissory note),
− The Contracting Authority does not have any long-term liabilities other than those included in the amount of debt in the long-term financial forecast and in the Rb-Z budget statement,
− Interest on the loan during the grace period, i.e. from the moment of disbursement of the first tranche of the loan until the repayment of the first installment, will be calculated and payable on a monthly basis until the last calendar day of the month. The remaining according to the repayment schedule prepared by the Bank, only on the amount of the loan actually disbursed.
- The first interest on the loan will be payable on January 31, 2024 and will include interest for December 2023 and current interest for January 2024 (interest for December 2023 will not be payable until the end of December 2023).
- Interest will be calculated for the actual number of days of loan utilization (365 days or 366 days in leap years) in relation to 365 days (fixed denominator - 365 days, interest base 365(6)/365).
The rest of the description can be found in the Terms of Reference.