I don't think it is hard and fast. However, many references can be drawn with 70C chilled water temperature. For instance, normal industrial requirement for space conditions is 22+/-20C and 55+/-5% RH. For the worst case scenario, with 220C and 50%RH, the dew point is about 50F. If you allow a bypass factor of 5% and considering losses in the chilled water system 45F chilled water is good.
Further, that is about the safe temperature a chilled water system can maintain. Generally, you shouldn't go below 50C and you are safe with an antifreeze thermostat setting at 60C.
Incase of trouble, you can reduce the temperature to one more deg.C(say, during high latent load conditions).
etc.etc. I hope somebody else will come up with some more points.
Regards,