This is a very fluid situation and you should pay attention to radio and to the tv for the latest up to date information on the storm.
You should take this storm seriously. The ground is saturated, and additional rain fall will result in significant flooding as well as trees falling knocking out power lines.
I have ordered our emergency planning to begin, and our Public Works Dept. will begin cleaning catch basins etc.
Are we sounding the alarm? You bet. Better to prepare for the worst, than be caught off guard.