Update 12:42 a.m

Police located the vehicle and person at Frederiksen Court and no weapon was involved, according to an ISU Alert. 

Update 12:15 a.m., May 3: Police located the vehicle and a suspect, according to an ISU Police tweet. Officers will continue to investigate.

11:40 p.m., May 2: A white male reportedly pointed a handgun from near a vehicle at Frederiksen Court Saturday night, according to an ISU Alert.

Police are investigating the situation. All are advised to stay away from the area. Those who live in Frederiksen Court are advised to stay inside.