90Q2V Water Pump Leaking?

[Peter Tracy <pgt@ekbos.com>]

I just changed the bomb on my 90Q20V and then noticed fluid dropping
from the bottom of the car. I was worried it was Pentosin, but I think
it is coolant (doesn't smell or feel like Pentosin). I cannot tell
exactly where it is coming from other than the front of the engine,
perhaps just below the hydralic pump (stuff is so packed in there). My
current theory is that perhaps the water pump is leaking. My question is
this: If it is the water pump, will leaking coolant near the timing belt
(which runs the pump) cause problems with the timing belt? The car only
has 52K miles!

TIA
Peter