The newly formed committee started meeting in September 2009 with the purpose of formulating ideas to help revitalize downtown Brazil.
"This will take years of dedication," committee member Stacy Gibbens said.
"The purpose is to have an organization that would support a downtown revitalization program."
Fifteen people attended Thursday's meeting.
While at the meeting, the committee approved its mission statement and by-laws.
The group will elect officers during its January meeting, which is scheduled to take place at 6 p.m., Thursday, Jan. 7, at Chaney's Diner and Deli. The committee meets on the first Thursday of each month.
During Thursday's meeting, several ideas were tossed out as members continue to develop a plan to revitalize the downtown area.
"I see the potential for our downtown," Gibbens said. "This is definitely a group effort."
During the meeting, local businessman Tony Harper suggested the group set up two festivals for 2010, one in the spring and another in the fall, as fundraisers for the group.
"The main thing is that we get some money and get this thing rolling," Harper said.
For more information on the committee or to become a member, e-mail firstname.lastname@example.org.