"Will be xxx- ing" or Will xxx"

Question

I wish to write an email about a decision taken in a meeting. Of the below options, which is the correct sentence to put in the email?

1. It was agreed that XYZ team will conduct a monthly review meeting with PQR on their open action items. OR
2. It was agreed that XYZ team will be conducting a monthly meeting with PQR on their open action items.

My confusion is around using the right set of words for an action that is planned to occur on a consistent basis in future.

Thanks.