On December 21, 1906, the City of Hillsboro purchased a  tract of land from banker John W. Shute for $1,622, with the condition that the land be used as a park and named in his honor.
On December 21, 1906, the City of Hillsboro obtained a piece of land from banker John W. Shute for $1,622, with the provision that it would be used for recreational purposes and bear his name.