UPDATE: 4:25 p.m.
According to Chico Police they were searching for a parolee that was wanted as part of a fraud investigation.
The suspect has been apprehended.
According to the Chico Police Department a perimeter has been set up around the school, and the school is on lockdown.
There is currently no danger, or violence.
They are searching for a parolee that was seen in the area.
We have a reporter on the way and we will update you when we have more information.