General criteria. In considering the granting of a special permit for the establishment of multifamily developments and mixed-use residential, the special permit granting authority (SPGA) shall take into consideration the needs of the community, the effect of the development upon the neighborhood and the community in terms of environmental impacts, socioeconomic impacts, municipal facilities, utilities, drainage, traffic, and landscaping, and the health and welfare of the inhabitants. If, after consideration, the SPGA determines that the development is not in the best interest of the City for any of the aforementioned reasons, the application for said permit shall be denied.