This bill provides for the financial 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 contributed to Giannikos being struck by a vehicle while attempting to cross the street. The City of Clearwater is found to have failed in its duty to maintain the crosswalk signals, which had a history of malfunctions, leading to a jury awarding Giannikos a total of $38,496,781.68 in damages, with the City being found 45% negligent.

To address this judgment, the bill authorizes the City of Clearwater to appropriate $16,037,182.50, plus interest at a rate of 9.46% annually, to compensate Giannikos for his injuries. 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 aims to ensure that this compensation serves as the sole remedy for all claims arising from the incident, thereby providing a clear resolution to the matter.