PL-Świątniki Górne: credit granting services

The subject-matter of the contract is the grant and operation of a long-term loan to the Municipality of Świątniki Górne.
1. Loan amount of PLN 4800000,00 paid in four tranches:
— tranche I on 31 July 2012, PLN 2100000,00;
— tranche II on 31 August 2012, PLN 900000,00;
— tranche III on 27 September 2012, PLN 900000,00;
— tranche IV on 29 October 2012, PLN 900000,00;
The time limits for disbursement of loan tranches may be changed at the request of the Borrower in writing three working days before the planned disbursement.
2. The loan will be repaid from 1 January 2013 to 30 June 2022 36 instalments of 120000,00 and 2 last instalments of PLN 240000,00 each. Payment of interest on a quarterly basis on principal instalments. The first instalment of the loan, together with interest, will be repaid on the last day of the first quarter of 2013.
3. Variable borrowing rate calculated as the sum of the WIBOR 1M rate in force on the first day of each quarter of the beginning of the accounting period plus the bank’s annual margin.
For preparing and making the loan available free of charge and commission.
4. Loan collateral: blank promissory note accompanied by a declaration of promissory note and a declaration of submission to enforcement in accordance with banking law.
5. Deadline for making funds available: in accordance with point 1 above.
6. For preliminary examination of the contracting authority’s creditworthiness, the Contracting Authority shall attach to the specifications:
— RB Report – NDS on the implementation of the 2011 budget,
— Budget resolution for 2012,
— multiannual financial programme for 2012,
— RB-NDS, RB-Z, RB-N reports for the first quarter of 2012.
7. Settlements between the Contracting Authority and the Contractor will be carried out in Polish zloty (PLN) or in a currency (EURO) which would replace the zloty during the duration of the long-term loan contract.
Tenders not containing the full scope of the contract will be rejected.

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