The Village Board shall not approve any Final plat of subdivision, and, therefore, said Final plat shall not be entitled to recording, until:
(A) All improvements required in the approved improvements plan have been completed by the Subdivider/Developer at his expense, inspected by the Village Engineer, and dedicated to the Village or other appropriate entity; or
(B) At the discretion of the Village Board, and in accordance with the provisions below, the Subdivider/Developer has provided the Village with legal assurance to guarantee the satisfactory completion and dedication of all required improvements.