Dear Mr.Patterson,
I have used both the methods suggested in this thread to finish my task. They yielded slightly different end-results. Ms. Strauch's method did not include the information about the polylines which did not have any poins in proximity. Since my professor asked for a color coded map, Ms. Strauch's method will not fully serve my purpose.
However, I did not face this problem with Mr.Richard Fairhurst method, the result of that method included all polylines regardless of having points located within the search distance. This method worked best for me.
There are no other differences that I could observe.
Thank you,
Raghu.