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e . Commercial Develooment The largest city served by the Authority is the City of La Porte. The residential and commercial areas of the City fonn the core of the City, with the Industrial Districts flanking the City on the north and south. The central business district lies east of Highway 146, which crosses the City from north to south, and contains restaurants, shopping facilities and automobile dealerships. In addition, there are several attractive shopping centers within the City. Dun & Bradstreet rates over 310 business establishments in the City. . Residential Develooment Residential subdivisions within the City are well planned, providing complete utility services and hard swface streets with curbs and gutters. Homes are currently priced from $65,000 to $500,000 with construction progressing at a moderate rate. Educational Facilities The La Porte Independent School District provides excellent school facilities within the Authority. The school district operates six elementary schools, three junior high schools, one senior high school and one alternative school. The district is fully accredited by the Texas Education Agency and the Southern Association of Colleges and Schools. All of the school facilities are fully air-conditioned and centrally heated and are furnished with modem educational equipment. As of February 1999 the school district had a student enrollment of 7,385 and a 1998 assessed valuation of $4,423,232,000. The district's bonds are rated "Aa3" by Moody's and "AA" by S& P's . Hieber :Educational Facilities The San Jacinto Junior College District encompasses approximately 289 square miles in southeast Harris County, including the Cities of La Porte, Shoreacres and Morgans Point, providing the residents of the cities with higher educational facilities. The College District has three campuses~ the Main Campus adjacent to the City of La Porte on its west side~ the North Campus north of the Houston Ship Channel, and the South Campus just southwest of Pasadena within the city limits of the City of Houston. San Jacinto college offers two-year educational programs leading to Associate of Arts and Associate of Science Degrees. There are five universities located in nearby Houston: the University of Houston, Rice University, Texas Southern University, St. Thomas University, and Houston Baptist University, all of which offer full four-year as well as postgraduate programs. 23 4-\