The subject of the contract is a loan in the amount of PLN 6,000,000.00 /in words: six million zlotys/ intended for:
- repayment of previously taken loans and advances – PLN 3,526,452,
- to finance the planned deficit of the city budget – PLN 2,473,548.
The loan period from the date of conclusion of the agreement until 31 December 2029 with a grace period for repayment of principal installments from the date of conclusion of the agreement until 31 March 2024.
The subject of the contract is a loan in the amount of PLN 6,000,000.00 /in words: six million zlotys/ intended for:
- repayment of previously taken loans and advances – PLN 3,526,452,
- to finance the planned deficit of the city budget – PLN 2,473,548.
The loan period from the date of conclusion of the agreement until 31 December 2029 with a grace period for repayment of principal installments from the date of conclusion of the agreement until 31 March 2024.
Interest rate based on WIBOR rate for one-month PLN interbank deposits from the last business day of the month preceding the interest period increased by the bank's margin. The loan will not be charged with fees other than those listed in the SWZ, the only cost of the loan is its interest rate on the amount actually used. Throughout the loan period, the Lender's margin remains unchanged.
If the WIBOR 1M base rate reaches a negative value, it is assumed that the value of the WIBOR 1M base rate is zero.
The principal will be repaid in Polish zlotys as follows:
- in 2024, PLN 1,000,000.00 in four equal installments /at the end of each quarter/,
- in 2025, PLN 1,000,000.00 in four equal installments /at the end of each quarter/,
- in 2026, PLN 1,000,000.00 in four equal installments /at the end of each quarter/,
- in 2027, PLN 1,000,000.00 in four equal installments /at the end of each quarter/,
- in 2028, PLN 1,000,000.00 in four equal installments /at the end of each quarter/,
- in 2029, PLN 1,000,000.00 in four equal installments /at the end of each quarter/.
In the case of free cash, it is proposed to repay installments in an accelerated period without additional fees and commissions. In a situation where the loan will be repaid earlier, interest will be calculated until the loan repayment date, and not until the end of the contract period.
The borrower will have the right to extend the loan repayment date at no additional cost during the term of the contract.
Interest will be repaid on a monthly basis.
The loan will be secured by a blank promissory note together with a promissory note declaration countersigned by the Treasurer of the City of Łuków.
The loan will be collected in tranches or once from the date of signing the agreement until December 29, 2023, based on the Borrower's instruction to release the funds.
The cost of granting and servicing the loan and any other banking activities related to the subject of the contract is interest, calculated taking into account the variable interest rate on the loan, i.e. the sum of the variable interest rate WIBOR 1M and the contractor's/bank's margin percentage rate unchanged throughout the loan period. The Contracting Authority does not provide for any commissions, fees, etc., payable to the Contractor related to the performance of the contract.
For a detailed description of the item of the order, see the Specification of the Order Terms.