The settlement is $7 million more than what was previously the largest in the city’s history.
$500,000 of that will go to the community around the intersection where he died, at 38th and Chicago.
The city council approved the settlement in a closed session Friday, ahead of a planned news conference with the Floyd family and attorney Ben Crump.
The largest police settlement in Minneapolis history was previously the $20 million paid to the family of Justine Ruszczyk Damond, shot and killed by former Minneapolis police officer Mohamed Noor in 2017.
The developments in the civil case come at the end of the first week of criminal court proceedings in the trial of the former police officer charged in his death.
Former Minneapolis police officer Derek Chauvin is charged with second-degree and third-degree murder, and second-degree manslaughter in Floyd’s May 2020 death. Jury selection began in his trial on Tuesday, with opening arguments expected to begin March 29.
Floyd’s family, represented by civil rights attorney Ben Crump, filed a civil lawsuit against the city of Minneapolis in July 2020. In court on Tuesday, attorneys mentioned a “Rule 68 offer” to the Floyd family. Friday at noon the Minneapolis City Council went into closed session to discuss the lawsuit.
Ben Crump said in a news release Friday, “George Floyd’s horrific death, witnessed by millions of people around the world, unleashed a deep longing and undeniable demand for justice and change. That the largest pre-trial settlement in a wrongful death case ever would be for the life of a Black man sends a powerful message that Black lives do matter and police brutality against people of color must end.”
The news conference, scheduled for 1 p.m. at the Minneapolis Convention Center, will include statements from Crump and other attorneys representing the family. Minneapolis Mayor Jacob Frey will join as well, along with city council members.
Family members will also give an update on the case.
One Floyd relative is allowed in the courtroom every day, due to COVID-19 restrictions. On Monday, during pretrial motions, that family member was George Floyd’s sister, Bridgett. She told reporters afterward that it was difficult to be in the room with Derek Chauvin, but she wanted him to know “how much love Floyd had.”
“I’m here to be his voice,” she said on Monday. “My family and I are glad the wait is finally over and the day is here. We are praying for justice. Our hope is that justice prevails and we can all use this as an opportunity to be better and do better for those around us.”