Proposal to waive all fees associated with July’s conference for governors advances through Finance Committee.

The city will waive all fees associated with the three-day July conference to be attended by many of the nation’s governors, according to a proposal that advanced Monday night through the city Finance Committee.

The waiver represents almost $216,000 the National Governors Association would have had to pay for facility rentals, parking costs and public safety officers’ overtime during its annual summertime conference.

The nonprofit National Governors Association, based in Washington, D.C., reported $26.8 million in net assets on its 2016 Form 990, an Internal Revenue Service document, the most recently available on its website.

The committee approved the item without discussion, as part of the consent agenda. The City Council is scheduled to take it up later this month.

According to a city fiscal impact memo, the city’s fee waiver is “in lieu of a financial ‘cash contribution’ … to support” the governors association event, which comprises three days of meetings, meals, panels and parties.

“The host city is expected to provide the services” represented by the fee waiver, the memo states. Spokeswomen for both the state Department of Tourism and the National Governors Association could not immediately confirm that Monday.

But the city will not incur costs from the event, as those are to be split by the state and the association itself, said Randy Randall, executive director of Tourism Santa Fe, which worked with the state Department of Tourism last year to land the event. There is “the potential” that some of the overtime for the police and fire personnel to be reimbursed, according to the city memo.

More than 1,000 attendees — U.S. governors, their families and guests, possibly foreign heads of state and White House higherups — are expected to attend.

Last year, the National Governors Association conference in Providence, R.I., became the scene of a frantic, and ultimately unsuccessful, last-minute push by Vice President Mike Pence and Cabinet officials to sell what was then a Republican plan to overhaul the nation’s health care law.

The city memo states the benefit for local businesses and the “national spotlight” of the event will counteract the lost fee revenue.