1). The subject of the contract is the granting of a long-term loan in the amount of PLN 5,900,000.00 for the purpose of:
• financing the budget deficit in the amount of PLN 2,795,600.00,
• repayment of previously taken loans and advances in the amount of PLN 3,104,400.00.
2) The service will be performed in compliance with the provisions of generally applicable law and on the terms set out in the model contract constituting Annex 4 to SWZ.
3) A detailed description of the subject of the contract is specified in Annex 5 to SWZ – Description of the subject of the contract.
1. The subject of the contract is the granting of a long-term loan in the amount of PLN 5,900,000.00 for the purpose of:
• financing the budget deficit in the amount of PLN 2,795,600.00,
• repayment of previously taken loans and advances in the amount of PLN 3,104,400.00.
2. The credit shall include the following parameters:
1) Loan period: from signing the contract until 31 December 2037.
2) Grace period in repayment of capital: until 30 December 2023.
3) Repayment of capital installments after the grace period in annual installments from 31 December 2023 to 31 December 2037 payable at the end of each year, as follows:
2023 - 100 000 PLN
2024 - 100 000 PLN
2025 - 100 000 PLN
2026 - 100 000 PLN
2027 - 200 000 PLN
2028 - 200 000 PLN
2029 - 200 000 PLN
2030 - 200 000 PLN
2031 - 200 000 PLN
2032 - 200 000 PLN
2033 - 500 000 PLN
2034 - 1 000 000 PLN
2035 - 1 000 000 PLN
2036 - 1 000 000 PLN
2037 - 800 000 PLN
If the repayment of capital installments falls on a free day - repayment will take place on the day preceding the day off.
3. Repayment of interest installments every month, from December 2022 to December 2037, payable at the end of each month.
4. Method of calculating interest: based on the base rate of WIBOR IM, increased by the Contractor's fixed margin (in relation to the actual number of days in the year 365/366).
5. Bank commission not more than 0.1% of the loan amount,
6. Security: blank promissory note together with a promissory note declaration (countersigned by the Treasurer of the Lubicz Municipality),
7. The possibility of repayment of part or all of the loan earlier than resulting from the schedule, without the Ordering Party incurring any costs.
8. The Ordering Party has the right to use the full amount of the loan without incurring additional costs. The credit will be made available to the Ordering Party on the basis of a written instruction within 4 days from the date of requisition of the specified loan amount.
9. The Ordering Party has the right to repay the loan early on time without the bank charging interest, contractual penalties and other fees.
10. The Ordering Party shall not allow the possibility of entrusting the performance of any part of the contract to subcontractors.
11. The Ordering Party does not allow the possibility of submitting partial and variant offers.
12. The date of commencement of the implementation of the subject of the contract on the day of signing the contract.
13. Completion - payment of the loan until December 30, 2022 at the latest.
14. Completion of the loan repayment date: 31 December 2037 (with the possibility of early repayment of part or all of the loan).
2) The service will be performed in compliance with the provisions of generally applicable law and on the terms set out in the model contract constituting Annex 4 to SWZ.
3) A detailed description of the subject of the contract is specified in Annex 5 to SWZ – Description of the subject of the contract.