Jeff Wang and Bill Opel Appointed to PCC Bond Oversight Committee

The Pasadena City College Board of Trustees has appointed La Canada resident Jeff Wang and Pasadena resident Dr. Bill Opel to the Measure P Bond Oversight Committee. Wang was nominated by trustee Dr. Ross Selvidge who represents La Canada, west Altadena and west Pasadena on the Board of Trustees. Opel was nominated by trustee Jim Osterling who represents Northeast Pasadena, East Altadena and Sierra Madre on the Board.

Selvidge said that “the Board is delighted that Wang and Opel have agreed to serve the community and college in this important position.” Osterling said that “I would like to thank Dr. Opel for agreeing to step in and complete the work to assure that the remaining funds are spent in accordance with the Bond Issue passed by the voters in 2002. Because of the Oversight Committee’s dedicated service, PCC has demonstrated that it is a good steward of the taxpayers’ funds.” Wang and Opel will serve as two of twelve members of the Committee. The Board of Trustees expressed its gratitude to Anthony Portantino and Felicia Williams whose seats on the Committee Wang and Opel will fill.

Since 2006, Wang has served as Treasurer of the City of La Canada Flintridge. He holds degrees in mathematics and business from MIT and UCLA. For the past fifteen years, Wang has been a principal with Kelmar Capital Management LLC, a registered investment advisory firm based in Pasadena.

Opel served for 32 years at the Huntington Medical Research Institute retiring in 2014, when he was the President & CEO. A PCC alumnus, Opel is a long-time supporter of PCC and is a board member and Past President of the Pasadena City College Foundation. Dr. Opel has served on numerous charitable and corporate boards over many years.

The Oversight Committee was established upon the passage of PCC’s Measure P Bond in 2002. The $150 million facilities bond passed with an overwhelming 70% approval vote. Most of the projects have been completed including PCC’s award-wining Center for the Arts building which now houses PCC’s visual and performing arts programs as well as two performance venues.

The Committee is responsible for exercising oversight to ensure that bond proceeds are expended only for allowed purposes. Annual reports to the public are issued documenting the status of the uses of the bond funds. The Committee will continue in existence until the last funds have been spent and the final accounting and audits are completed.