VII.1) Adoption Re: Second Reading of Proposed Ordinance No. 24-5534, amending Chapter 24, Article IV of the Code of the City of Sarasota to update Section 24-135 (B) to be consistent with current IRS Regulations concerning the commencement of mandatory distributions of retirement benefits; to provide that the Employee Retirement Accounts Committee shall review the Investment Policy Statement (IPS) for the City's Defined Contribution Retirement Plan on an as needed basis rather than on an Annual Basis; and to clarify that the IPS shall include criteria to evaluate investments offered to participants; providing for the repeal of ordinances in conflict, etc. (Title Only)