Organization Vice President Tony Harper informed the group at its Thursday meeting the first Street Fair of the year would take place Friday and Saturday, May 28-29.
Harper said the organization has looked into several properties to conduct the event and is currently eyeing the parking lots behind Traditions, 105 E. National Ave.
"We have looked at other properties," Harper said.
He added plans called for the use of the two lots behind Traditions, one for food and beverages and the other for entertainment.
Initial plans called for the event to be for people 21 and older.
However, after careful consideration, the plan changed in order to make the event more family friendly.
"More is better," organization member Jasen Gibbens said.
Plans are calling for the first evening to take place 6 p.m.-midnight, and the second one set for noon-midnight.
In addition, Harper said he plans to book at least a dozen bands for the event.
He added the group had to begin looking into issues such as power, fencing, security, insurance and vendors, among other items.
Meanwhile, the organization received an update on its 501(c)3 status.
According to Harper, The Meridian Forest Historical District, a former homeowners' association, recently expressed interested in merging with Brazil Main Street.
In addition, the historical organization also expressed interested in possibly transferring its 501(c)3 to Brazil Main Street.
Vida Bussing -- who was a member of the historical district -- attended Thursday's meeting and confirmed the status.
"We're all working toward the same goal," Bussing said.
"That's a great gift," Harper said.
"Now we can go ahead and hit the road running."
In other business, Main Street member Edie Richards said she planned to have the organization's logo stenciled onto to flower barrels that will be placed along United States 40.
The group meets regularly on the first Thursday of each month at 6 p.m.
Its next meeting is scheduled for March 4, at the Brazil Public Library.