The subject of the contract is the granting and servicing of a long-term loan in the amount of PLN 946,000 for the repayment in 2023 of previously incurred liabilities under loans and advances.

Loan period until 31.08.2035

Credit description:

1) loan period: until 31.08.2035,

2) grace period until 30.12.2024

3) interest repayment: on a quarterly basis (interest calculated on the loan used),

4) interest shall be paid by the 15th day of the month following the calendar quarter - after written notification of the Ordering Party (e-mail or traditional mail) about the amount of interest due at the end of each calendar month, and if it is a holiday, Sunday or non-working day, the payment will be made on the first business day after that day,

5) interest accrued until the final repayment date of the loan will be repaid on the final repayment date of the loan, i.e. by 31/08/2035.

6) variable interest rate: WIBOR 1M reference rate (the rate will be updated by the Contractor every month) plus the Contractor's fixed margin,

7) collateral: a blank promissory note of the borrower together with a promissory note declaration (blank promissory note – without the Treasurer's countersignature, promissory note declaration with the Treasurer's countersignature),

8) The contracting authority reserves the right to use the entire loan on a refund basis in relation to the installments of loans and credits repaid from the municipality's own resources (i.e. the municipality has set up its own funds and later recovers them from the loan in question).