Reportedly, the City Council unanimously approved the settlement Friday after meeting in private. It includes a $500,000 donation to the community around the intersection of 38th and Chicago Avenue which is now known as George Floyd Square.
Last May 25th, a bystander recorded a video of police officer, Derek Chauvin, kneeling on Floyd's neck for about nine minutes which led to his untimely and unjust passing.
"I hope that today will center the voices of the family and anything that they would like to share," Council President Lisa Bender said. "But I do want to, on behalf of the entire City Council, offer my deepest condolences to the family of George Floyd, his friends and all of our community who are mourning his loss."