Minneapolis reaches $27M settlement with Floyd family Janelle Griffith and Shaquille Brewster March 12, 2021, 10:48 AM·4 min read Oops! MINNEAPOLIS — The city of Minneapolis on Friday agreed to pay $27 million to settle a civil lawsuit with George Floyd's family just weeks before the trial is scheduled to begin for the former officer charged with murder in his death. The settlement surpasses the previous $20 million record for Minneapolis, a city spokesperson said. 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 — now known as George Floyd Square — where police confronted Floyd last May 25 after a convenience store clerk claimed that he had tried to use a counterfeit $20 bill to buy cigarettes.