SARANAC LAKE — The Community Store Project organizers are gearing up to sell shares.

The group has drafted the necessary documents for selling shares and expect to submit it to the proper state authorities by April 1, organizer Melinda Little said. The documents are currently being reviewed by Lake Placid attorney Charles Noth, who was hired by the group.

Once the paperwork gets approved, the organizers plan to sell shares for $100 each, with a per-person limit of $10,000. The original cost of shares proposed last summer had been higher, but organizer Gail Brill said this will further allow the “possibility that more community members will be able to buy shares.”

“Our intent is to start locally, then we’ll extend it as needed,” Little said.

By law, anyone in New York state can purchase the shares.

Before organizers start selling, Brill said they have one big goal.

“We’re hoping to have a storefront in town by the time we’re selling shares,” she said.

They have looked at several storefronts recently, including the former Meyer’s Hallmark gift shop location and another on Upper Broadway, Brill said.

The Upper Broadway location has been ruled out, Brill said, but the Meyer’s location is still a possibility. Community store organizers are having an engineer assess the building to determine if it will be suitable for them, Brill said.