This bill provides for the relief of Max Giannikos, who sustained severe injuries due to the negligence of the City of Clearwater. The bill acknowledges the circumstances surrounding the incident, where malfunctioning pedestrian signals at a busy intersection led to Giannikos being struck by a vehicle while attempting to cross the street. Following a jury trial, the court awarded Giannikos a total of $17,323,551.76 in damages, attributing 45% of the negligence to the City of Clearwater. The City is insured for $7 million, but the insurance company refused to settle within policy limits, resulting in an excess judgment.

To address this situation, the bill authorizes the City of Clearwater to appropriate $17,423,551.76 to compensate Giannikos for his injuries and damages. It also stipulates that the total amount paid for attorney fees related to this claim cannot exceed 25% of the total awarded amount. The bill includes a declaration that the facts stated in the preamble are true and specifies that the compensation provided is intended to cover all present and future claims arising from the incident. The act will take effect upon becoming law.