When any street, park or other public improvements outlined in the construction permit shall have been completed in accordance with the terms of this chapter and in strict accordance with the Borough specifications now in effect or hereafter adopted, as the case may be, said street, park or improvement shall be deemed private until such time as the same shall have been offered for dedication to the Borough of Munhall and accepted by separate ordinance or resolution or until it shall have been condemned for use as a public street, park or other improvement.