To ensure the completion of required public infrastructure and other improvements, such as but not limited to roads, stormwater infrastructure, landscaping, lighting, signage, trails, parks or other improvements required by the Planning Board, the Planning Board, may require, as a condition of approval, a performance bond or other security in such form and from a source acceptable to the Village Board in an amount sufficient to cover the estimated cost of completion of the improvements. Such bond or other acceptable form of security shall comply with the requirements of § 7-725-a of the NYS Village Law relating to performance bonds and other securities.