Removing or Hiding the BuddyPress Admin Navigation Bar

We've commissioned an original theme and used the BuddyPress Theme Compatibility plugin to make it work with BuddyPress. All good, but we need to *remove* the black BuddyPress Admin bar at the top of the screen, remapping those functions to a Community page and several child pages nested under it.

Can the BuddyPress Admin bar be commented out somewhere without loosing the functionality it manages? Alternately, is there a plugin that would allow us to restrict view of this to ONLY those with admin privileges on the site?