 Ultimately, the OSI completed its purchase of Joppenbergh in October 2011, without town money.Joppenbergh is named after Colonel Jacob Rutsen, born "Jacobsen Rutger van Schoonderwoerdt".Rutsen was a merchant, and the son of a Dutch immigrant, from Albany; he founded the first settlement in what is now the town of Rosendale, New York, in the late 17th century.