If any development, plat or subdivision contains public streets, accessways or thoroughfares which are to be herein dedicated as such, whether located within the corporate limits of the Village or in part outside thereof, or contains existing streets located outside of said corporate limits, the approval of the plat by the Village board of trustees or the subsequent annexation of the property to the Village, shall not constitute an acceptance by the Village of such streets or thoroughfares, nor of the improvements constructed or installed thereon or therein, irrespective of any act or acts by an officer, agent or employee of the Village with respect to such streets or improvements. The acceptance of such streets or thoroughfares shall be made only after the adoption of a resolution by the Village board of trustees after there has been filed with the Village clerk, a certificate by the Village engineer certifying that all improvements required to be constructed or installed in, or upon, such streets or thoroughfares in connection with the approval of the plat of subdivision by the Village board of trustees, have been fully completed and the construction or installation thereof has been approved by him, and that provisions regarding the performance and maintenance guarantees have been met, pursuant to section 12-8-3, "Final Plats", of this title. (Ord. 07-07, 3-26-2007)