A deal to bring gunmaker Colt's Manufacturing to Osceola County is officially dead, and the county will now have to pay $150,000.

County commissioners voted Monday to kill its deal with Colt and pay the money the company still owes to the state of Florida.

The gun company announced plans in 2011 to open a new office in Kissimmee and bring 63 new jobs. But that never happened.

The $150,000 Colt owed to the state was for renovations the company made to the building it has leased from the county, but never actually set up shop.

Technically, Colt has until October 2015 to create those 63 jobs. If the company doesn't comply, it would owe the county more than $50,000.

But county commissioners said they are tired of waiting while the building sits empty, and paying off Colt's $150,000 debt is just a way to move on.

The county is already looking for a new tenant; one possibility is Orlando's Valencia College.