Fuel pump replacement, water leak

I am in the process of bringing my 71 demon back to life. It has been sitting for 12 years. I got it fired up but it wouldn't stay running.

I suspected a fuel flow issue so I am replacing the fuel pump and filters. After pulling off my mechanical fuel pump (I havn't put the new one on yet) the water pump started leaking, leaving a decent sized puddle on the shop floor. I did loosen the one water pump bolt holding the alternator tension bracket, while removing the fuel pump.

Just wondering if this is normal, or should I be looking to replace the water pump before I put everything back together.

%pv7xO8lQsiSjposNuWJ+Q.jpg