Minutes & Reports
Rockland Second Tobacco Asset Securitization Corporation
The mission of the corporation is to lessen the burdens of government by engaging solely in activities to acquire specific unencumbered revenues of the County of Rockland (the "County") and issue obligations consistent with it's Certificate of Incorporation. Said revenues are comprised from revenues from Wilmington Trust Company, not individually, and solely in it's capacity as trustee under that certain Declaration and Agreement of Trust dated as of December 1, 2001 between the Residual Trustee and Rockland Tobacco Asset Securitization Corporation, relating to the Rockland County Health Care Residual Trust (the "2001 Trust"), of which 2001 Trust the County is the sole beneficial owner, all or any portion of the rights, title and interest of the 2001 Trust, and in to not less than 20 percent (20%) of future payments which together with other revenues, the County is entitled to receive in, to and under the Consent Decree and Final Judgement of the Supreme Court of the State of New York dated December 23, 1998, as the same may be amended or modified, in the class action entitled The State of New York et. al. v. Phillip Morris Incorporated et. al. (Index No. 400361/97) and in, to and under all or any portion of the moneys due to the County thereunder or under the Master and Participating Manufacturers (as defined therein, (collectively, the "Tobacco Assets") which Tobacco assets were sold by the County to Rockland Tobacco Asset Securitization Corporation.
Board Members
- C. Scott Vanderhoef - Chairman & Director
- Michael J. Gamboli - Treasurer & Director
- Edwin J. Day - Sole Member
- Mark Rothenberg - Independent Director
- Stephen F. DeGroat - Director
- Mitchell Gusler - Director
Contact Accountants & Attorneys for the Corporation
Accounting Firm
Drescher & Malecki LLP
3083 William Street, Suite 5
Buffalo, NY 14227
(716) 565-2299
(716) 565-2201 (Fax)
Legal Firm
Montalbano, Condon & Frank P.C.
Attorneys and Counselors at Law
67 North Main Street
New City, NY 10956-8070
(845) 634-7010
(845) 634-8993 Fax
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