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A proposed city charter released Thursday includes new rules allowing Edmonton and Calgary to raise taxes on derelict or polluted properties, cut red tape and create tribunals for parking and transit tickets.

Alberta’s two largest cities have been working with provincial governments since 2012 to develop a charter allowing them to address issues such as transit, affordable housing and climate change.

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“What it actually talks about is positive benefit for generations of Calgarians and Edmontonians,” Calgary Mayor Naheed Nenshi told a news conference Thursday in Edmonton.

“It is, in fact, the most significant change that we have made to municipal-provincial relations in the history of the province.”

The draft version contains 38 regulations aimed at improving services and attracting investment as well as plans to collaborate on joint concerns and develop an infrastructure funding system based on provincial revenues that Nenshi said will save hundreds of millions of dollars in interest payments.