Granting a long-term bank loan in the amount of PLN 5,700,000.00 to finance the planned budget deficit in 2026 and to repay previously incurred liabilities of the Łazy Commune

The Gmina Łazy in Poland from Europe region has released this tender for 1. The loan will be disbursed in 2026 in a maximum of two tranches, depending on the contracting authoritys current demand for loan funds. 2. The final deadline for using the loan is December 31, 2026. 3. The loan period is from the date of conclusion of the loan agreement to December 31, 2033. 4. The Contractor will open a loan account no later than the date of conclusion of the loan agreement and will maintain it free of charge during its term. 5. The Contractor will make the loan funds available to the contracting authority on the date of conclusion of the agreement. 6. The Contractor will disburse the loan funds in the amounts and on the dates specified by the Contracting Authority in the instructions submitted to the Contractor, without submitting a separate loan application for review. The loan will be disbursed by December 31, 2026, following a written instruction to disburse the loan to the Municipalitys account in a maximum of two tranches. Each tranche will be transferred to the contracting authority within two business days of submitting the written instruction in accordance with Appendix 2b to the ToR. 7. The loan will be disbursed to the ordering partys account indicated in the instruction referred to in point 6. 8. The ordering party has the right to use the loan in an amount lower than PLN 5,700,000.00 without incurring any additional costs (fees, commissions, etc.). Interest will not be charged on a loan granted but not yet disbursed. The minimum loan amount the ordering party undertakes to take out is PLN 3,000,000.00. 9. The ordering party has the right to submit a written declaration of waiver of further use of the loan. 10. The loan will be secured by a blank promissory note with a promissory note declaration. 11. Repayment of the principal will be made in the following periods: 24 quarterly instalments of 125,000.00, i.e. PLN 3,000,000.00 4 quarterly instalments of 675,000.00, i.e. PLN 2,700,000.00 12. If the Ordering Party uses a lower loan amount than PLN 5,700,000.00, repayment of the principal will be made in the following periods: - 24 quarterly instalments of 125,000.00, i.e. PLN 3,000,000.00; - 4 quarterly instalments (in 2033), the amount of which will depend on the final amount of the loan taken out. 13. Grace period for repayment of loan principal installments until March 30, 2027. 14. Neither the repaid loan amount nor any early repayment amount may be reused. 15. Interest on the loan is accrued in monthly billing periods and payable by the 10th day of the following month for the previous month, after the Borrower has been notified in writing of the interest amount. The first billing period is counted from the loan disbursement date and ends on December 31, 2026. The last billing period ends on the day preceding the full repayment of the loan. 16. If the loan or interest repayment date falls on a Saturday or public holiday, the due date is deemed to have been met if the repayment is made on the first business day after the due date specified in the loan agreement. 17.The contractor collects interest on the loan amount used at a variable annual rate, determined based on the variable WIBOR rate for 3-month deposits, adjusted for the contractors fixed margin. For bid evaluation purposes, the 3M WIBOR rate as of August 31, 2026, is assumed to be 3.80%, and the loan disbursement date will be October 26, 2026. 18. The loan interest rate will be based on the 3M WIBOR rate adjusted for the banks margin. WE CONSENT TO THE APPLICATION OF THE 3M WIBOR RATE CALCULATED IN ACCORDANCE WITH THE BANKS RULES. The actual calendar period should be used to calculate loan interest. When calculating interest, it is assumed that a year has 365 days and the interest period has the actual number of days. 19. The 3M WIBOR rate from the date of disbursement of a given loan tranche is used to calculate interest for the first interest period. If the loan is disbursed in more than one tranche, the 3M WIBOR rate from the date of disbursement will apply to each tranche. 20. The Ordering Party declares that: 1) it has no overdue liabilities to the Social Insurance Institution (ZUS), the Tax Office, banks, or other financial institutions; 2) it has no liabilities that are not included in the debt amount in the financial statements (budget reports or multi-year financial forecast); 3) the Ordering Party has no due and payable liabilities; 4) there are no enforcement proceedings pending on the Ordering Partys bank accounts; 5) no recovery proceedings program, within the meaning of the Public Finance Act, has been conducted in the City and Municipality over the last 18 months; 6) no City and Municipality bodies have been suspended, no receivership has been established, and no legislative body has been dissolved over the last two years.which are not included in the debt amount in the financial statements (budget statements or multi-annual financial forecast); 3) the Ordering Party has no due and payable liabilities; 4) the Ordering Party’s bank accounts are not subject to any enforcement proceedings; 5) over the last 18 months, no recovery proceedings program has been conducted in the City and Commune within the meaning of the Act on Public Finances; 6) over the last 2 years, no City and Commune bodies have been suspended, no receivership has been established, and no legislative body has been dissolved.which are not included in the debt amount in the financial statements (budget statements or multi-annual financial forecast); 3) the Ordering Party has no due and payable liabilities; 4) the Ordering Party’s bank accounts are not subject to any enforcement proceedings; 5) over the last 18 months, no recovery proceedings program has been conducted in the City and Commune within the meaning of the Act on Public Finances; 6) over the last 2 years, no City and Commune bodies have been suspended, no receivership has been established, and no legislative body has been dissolved. with tender notice no. 712893-2026 published on 15 Oct 2026. The tender is due to expire on 28 Oct 2026. This tender is sourced from TED Europa and is eligible for suppliers interested in Banking and investment services, Banking services, Financial consultancy, financial transaction processing and clearing-house services, Public Financial Management. Interested bidders can obtain further information including complete bid documents or ways to participate by registering on Tender Impulse and referencing via Tender Impulse ID 15552955.