Poland-Zielona Góra: Credit granting services

Subject of contract:
The subject of the contract is the grant and operation of a long-term loan of PLN 4483043,01, for a period of 360 months, to finance the construction of residential building No 4 at the Śląskie settlement in Zielona Góra;
2. This loan will be granted for the construction of residential building No 4 at the Śląskie settlement in Zielona Góra. The total investment consists of 70 rental dwellings. The City of Zielona Góra will finance 40 % of the total investment costs, which is recognised as the Contracting Authority’s own resources. The remaining 18 % of the total investment costs are paid by future tenants in the form of participation, while 9 % is the value of the land, which is also treated as own contribution;
3 rd term of credit – the loan will be taken out for a period of 360 months, from the date of conclusion of the credit agreement until the date on which the credit is repaid in full;
4th grace period for repayment of capital – 3 months after completion of construction;
5. the Contractor’s commission shall not be higher than 1.00 %;
The 6th Contractor’s commission will be charged proportionally to the actual tranche of the disbursed loan. Payable within 7 calendar days of the release of the tranche;
7. the Contractor’s margin is fixed over the period of the contract;
8. the loan will be repaid in accordance with a formula equal to fixed capital and interest payments;
9. if the Contracting Authority decides not to take out a loan, the Contractor will not request any charges, penalties, etc.;
10. The contractor will not charge any other fees related to the performance of the credit agreement, with the exception of charges relating to the modification of the terms of the loan agreement which are initiated by the Contracting Authority;
11. The contractor will not charge interest, commission or other charges on the unused part of the loan;
The 12nd base interest rate will be based on WIBOR 3M plus the Contractor’s margin;
13. interest shall be calculated for a period of 3 months at WIBOR 3M on the last working day of the quarter and applicable to a specified interest rate from the first day of the following quarter;
The 14th capital and interest payments will be made during the loan repayment period – up to 20th each month. The Contractor shall inform the Contracting Authority of the amount of interest due during the grace period and the use of the credit no later than 10 days before the due date;
15. the loan will be secured by a mortgage on the property in question (KW ZG1E/00088440/2);
16th time limit for performance of the contract: for a period of 360 months from the date of signature of the credit agreement;
The 17th loan tranches will be released at any time adapted to the Contracting Authority’s payment needs without additional charges being paid by the Contracting Authority, successively within seven calendar days of the date on which the contracting authority submits a complete application for a further tranche. The application for the submission of the last tranche of the loan will be received by the bank within 1 month of the date of completion of the investment;
18. The loan will be drawn up in a non-cash form, by paying the Contracting Authority’s payment orders directly for the contractor’s account of construction works/services/supplies, or for the account specified by the Contracting Authority in the event of refinancing of the investment costs incurred by the Contracting Authority;
19. The contracting authority reserves the right to declare at any time that he or she waives the use of the credit – without incurring any additional charges;
20. if the investment costs are lower than expected (on the basis of an investor’s estimate), the Bank will agree to reduce the amount of the loan and to change the material and financial schedule;
21. The contracting authority reserves the right to withdraw from the contract under the conditions of Article 145 of the Public Procurement Law.

66113000 - Credit granting services