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The Bloomberg administration has announced that it is immediately stopping the disbursement of funds to a Bronx, NY non-profit firm that was building a Hip-Hop museum, due to an unsatisfactory audit performance.
The Northeast Bronx Redevelopment Corp., which recently received a $4.5 million grant from the city council for construction of a multi-use building that would include the Hip-Hop museum, was barred from receiving $335,000 of a separate $355,000 grant approved in June because of the red-flagging of the group’s Vendex form.
"The money is frozen," a city official told the New York Post.
The Vendex form is a financial background questionnaire every city contractor is required to fill out prior to construction of new buildings.
The Northeast Bronx group had their Vendex form rejected after an audit of the company was completed last week, preventing them to receive any further contracts for building purposes.
Brad Maione, a spokesman for state Attorney General Eliot Spitzer, said the last filing on record for the group was completed in 1997, and no other tax forms had been filed since then, almost a decade ago.
Source: allhiphop.com
The Northeast Bronx Redevelopment Corp., which recently received a $4.5 million grant from the city council for construction of a multi-use building that would include the Hip-Hop museum, was barred from receiving $335,000 of a separate $355,000 grant approved in June because of the red-flagging of the group’s Vendex form.
"The money is frozen," a city official told the New York Post.
The Vendex form is a financial background questionnaire every city contractor is required to fill out prior to construction of new buildings.
The Northeast Bronx group had their Vendex form rejected after an audit of the company was completed last week, preventing them to receive any further contracts for building purposes.
Brad Maione, a spokesman for state Attorney General Eliot Spitzer, said the last filing on record for the group was completed in 1997, and no other tax forms had been filed since then, almost a decade ago.
Source: allhiphop.com