1989 — The Amy Sanders Library of the Central Arkansas Library System, which is named for longtime City Clerk Amy Sanders, opens on Feb. 14. Sherwood’s first city hall, which was later used as a community building, is destroyed by fire in August.
1990— In May, the University of Central Arkansas in Conway releases results of a study which names Sherwood as the "best place to live in Arkansas" out of 30 cities. Fred Rains TV & Appliance, famous for being "Sherwood’s Only Skyscraper— Two Stories High," closes in October after 40 years in business.
1992 — The Hudson Family’s Sherwood Grocery closes in May after 45 years of business. The Sherwood City Administration Building on East Kiehl Avenue, which houses offices for the Mayor, City Clerk, Computer Department, and Engineering Department, is constructed.
1994 — The City of Sherwood purchases Woody’s Sherwood Forest from Jess Woods.
1995 — President Bill Clinton dedicates the William Jefferson Clinton Elementary Magnet School in Sherwood on Jan. 4. The school is the first to be named in Clinton’s honor. On July 1, Sherwood receives its first citywide zip code from the U.S. Postal Service.
1996 — The Jack Evans Senior Citizens Center, which is named for former Mayor Jack Evans, opens on March 4.
1998 — Sherwood celebrates its 50th birthday with an "old timers breakfast," time capsule ceremony, parade, and picnic.
2002 — The Bill Harmon Recreation Center, which is named for Mayor Billy Jack Harmon, opens in May.
2006 — The Keep Sherwood Beautiful organization is created in July.
2007 — On July 31, City Clerk Virginia Hillman wins a special election to become Sherwood’s first female mayor.
Virginia Hillman takes the Oath of Office as Sherwood’s first female mayor
2008 — In February, the Roundtop Filling Station is placed on the National Register of Historic Places. The community of Gravel Ridge is annexed into Sherwood on April 28. In July, the City of Sherwood purchases the North Hills Country Club, which is later renamed The Greens at North Hills.
2010 — On July 28, The Greens at North Hills (originally the Sylvan Hills Country Club) is placed on the National Register of Historic Places.
2011 — The new Sylvan Hills Middle School facility is officially opened in August.
2013 — In January, Mayor Hillman creates the first Sherwood History and Heritage Committee. On April 22, Sherwood celebrates its 65th birthday with a celebration at the Jack Evans Senior Center. Arkansas Governor Mike Beebe proclaims April 22 as "Sherwood Heritage Day." On June 10, Sherwood receives a $50,000 grant from the Arkansas Historic Preservation Program for the rehabilitation of the Roundtop Filling Station.