This bill provides for the financial relief of Maximus Giannikos, who sustained severe injuries due to the negligence of the City of Clearwater. The bill authorizes the City to appropriate $16,037,182.49, plus post-judgment interest at a rate of 9.46 percent annually, to compensate Giannikos for his injuries and damages. The preamble of the bill outlines the circumstances of the incident, including the malfunctioning pedestrian signals at a busy intersection, which contributed to Giannikos being struck by a vehicle while attempting to cross the street. The bill also acknowledges the jury's findings regarding the negligence of the City and the significant medical expenses incurred by Giannikos as a result of the accident.

Additionally, the bill stipulates that the total amount paid by the City, including any compensation awarded under this act, is intended to cover all present and future claims related to the incident. It also sets a limitation on attorney fees, stating that they may not exceed 25 percent of the total amount awarded. The act is set to take effect upon becoming law, ensuring that Giannikos receives the necessary financial support for his ongoing medical care and recovery.