In 1939, the Phelps Women's Institute acquired the property where the Phelps Cenotaph currently sits. The culmination of years of hard work and planning was reached in November 1960, when a memorial cairn was erected on the grounds to honour those who made the supreme sacrifice. It was planned and designed by members of the branch and built of local stone by local workmen for free. Members of the North Bay Branch of the Canadian Legion were in charge of the dedication ceremony and unveiling of the cenotaph. Local Guides, Brownies and their leaders participated in the service.
At this time, the park was renamed to Phelps Memorial Park. Since it was built, the cenotaph has been the focal point of Remembrance Day Services in the park.
Marilyn Hummel, a Life Member of Phelps Women's Institute, worked to build a museum in Phelps to house her collection of antiques and artifacts from this area. She carried out fundraising for years, but unfortunately the museum never materialized. Marilyn bequeathed the money raised to Phelp's Women's Institue and asked that the money be put to good use. The Women's Institute had always wanted to have a sign built for Phelps Memorial Park.
Kyle Wilson of Kustom Kreations was contacted and collaboration began. After much discussion a design was selected and, along with the steel work, was completed by Kyle. Randy Quirt donated all his time and some of the materials. On November 6, 2022, they both installed the sign and put in river rocks and crushed stone to enhance its beauty.